Infomation taken from Morten Bering:
"The financial year of 2023/24 is over, - another big deficit is expected, probablyaround the €180m or more. Juventus will published the result sometime in July.
As mentioned a couple of times before, Juventus entered into a 3-year settlement agreement with UEFA back in September 2022, - so this 2023/24 season, is the second year out of the three.
Juventus still can’t have a total deficit that exceeds €60m for the three years combined and with a deficit of €123m in the 2022/23 season (Year 1) and with the expected €180m’ish deficit in 2023/24 (Year 2), Juventus has exceeded the limit by €240m'ish before entering into the final year, the 2024/25 (Year 3)
I think it’s fair to conclude that Juventus will not be able to come close to fulfilling the settlement agreement with UEFA with a maximum deficit of €60m, - it would require an absolutely crazy-huge profit this season and it is, after all, unthinkable to see how the club would be able to managed that, while still maintaining just a decent sporting level. Nothing points in the direction of a fire-sale.
So for Ferrero, Scanavino, Calvo, Giuntoli and the rest of Juventus, it is all about trying to find a balance between taking steps towards becoming sustainable, increasing revenues, lowering cost all around, maintaining a decent level on field while still somehow keeping UEFA happy and satisfied.
Depending on the severity of the total deficit next summer, the following things can happen:
* A fine
* A maximum registration of 23 players in a squad for UEFA tournaments
* Any new players cannot be registered
* A complete exclusion from UEFA’s tournaments
I can’t say which punishment is the most likely outcome, but they will first be taken into effect from the 26/27 season.
A political sign from the club's side of it, was to distance themselves from Andrea Agnelli's direction and come back into the UEFA fold. That happened earlier this summer with Juventus re-entering the ECA and thus definitively buried the dispute with UEFA and the idea of the controversial Super League project. Not an insignificant political move to make and certainly an appeasing card to play that UEFA will be happy about, when the settlement agreement is to be evaluated.
The key words going into the future is sustainability and competitiveness. Juventus aim to reach breakeven in a couple of years, - but looking at it short term, the most important thing besides buying and selling players this summer, is for the club to find a shirt chest sponsor. The €45m Jeep-deal needs to be replaced or it will be a major setback for the club.
When the annual report is being published, we will know more about which sectors has gone up and down in the last 12 months. Some of the big thing we do know that happened this year, is that Juventus got €7.5m for winning the Coppa Italia, was sentenced to re-pay Cristiano Ronaldo around €10m after losing a lawsuit and received a necessary capital increase of €200m to settle debts and create liquidity in the transfer market.
So what is the temperature in relation to Juventus' finances?
It is clear that when you register a deficit of €180m or in that region, it is not good. But part of the story, of course, is that Juventus was cut off from income related to the UCL, which amounts to around €80m annually.
The important thing is that the management has turned the rudder, but the ship has not started to turn yet, but hopefully with UCL back in the schedule and a new main sponsor shortly, Juventus will take a big step in the right direction within next 12 months.
But will UEFA be satisfied and has Juventus done enough?"
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