The Financial Situation (52 Viewers)
- Thread starter ReBeL
- Start date
A) Laragest fanbase in Italy, one of the largest in the world. However, the product on the field will soon have to match the stadium to which they are going to be watching them in.
B) Juventus are the Yankees, Cowboys, Lakers, Red Wings of Serie A. Players don't forget history, and what it means to be a member of a team with a championship history. We're not talking about Palermo here. And not unlike the aforementioned teams, Juve has gone through a dry spell and a run of bad results. Unlike the rest of those teams however, they weren't dealt a severe and crippling blow in 2006.
B) Juventus are the Yankees, Cowboys, Lakers, Red Wings of Serie A. Players don't forget history, and what it means to be a member of a team with a championship history. We're not talking about Palermo here. And not unlike the aforementioned teams, Juve has gone through a dry spell and a run of bad results. Unlike the rest of those teams however, they weren't dealt a severe and crippling blow in 2006.
That would be great if we had a quality team but at this point our team needs a lot of work on. Teams are just strengthening right now while they can cuz when the FFP kick in they'll have good squads and won't have any problems in following the regulations. You think Chelsea could sign David Luiz and Fernando Torres after the new regulations? I just think that we should start investing in some great talent right now cuz it'll be much harder in the future.
They are already running gigantic losses, so your rationale is flawed. Getting all their spending out of the way now versus later is not a good tactic as the monitoring period begins next season, and according to the FFP rules, owners will only be allowed to absorb losses of 45m euros a year, which will than drop to a lower amount in subsequent years, and eventually to a lower amount many years after that.
On the same day Chelsea sign Torres and Luiz, they announced losses of 82m euros for 09/10. This was during a season where they won a cup and league double, and spent relatively little that summer compared to previous seasons, so it goes to show they cannot afford their squad. It was hardly a one off result either, as their losses in previous years exceeded UEFA's stated levels as well.
Next season Chelsea's losses will most likely be even higher given the amount spent on Torres/Luiz and their wages, which I'm sure are very high. There is no way they will meet UEFA's conditions unless they somehow increase their revenue by a shitload.
As for the other big spenders this January, City, Inter and Milan already run losses which exceed UEFA's minimum, and none of them have held back on spending over the past year to meet these criteria.
It is obvious that UEFA are bluffing as most of the big clubs (other than us, Bayern and Arsenal) have not taken any measures to ensure they meet these guidelines. Seriously, Platini is facing off against an Italian PM, Russian Oligarch, and Arab royal. I wonder who can pull more strings...
What Juventus fans should take from this is that our management are feeding us bullshit. They are being cheap not because they want to meet the FFP guidelines, but because it is a convenient excuse to deny opening their wallets. Not too mention it's quite funny as FFP is only relevant if you play in UEFA competitions, 1 of which we are struggling to qualify for and the other we obviously didn't care for.
With that said, I still support our financial stance, as it's the responsible thing to do and avoids putting us into a situation like Man Utd and the Liverpool of H&G.
On the same day Chelsea sign Torres and Luiz, they announced losses of 82m euros for 09/10. This was during a season where they won a cup and league double, and spent relatively little that summer compared to previous seasons, so it goes to show they cannot afford their squad. It was hardly a one off result either, as their losses in previous years exceeded UEFA's stated levels as well.
Next season Chelsea's losses will most likely be even higher given the amount spent on Torres/Luiz and their wages, which I'm sure are very high. There is no way they will meet UEFA's conditions unless they somehow increase their revenue by a shitload.
As for the other big spenders this January, City, Inter and Milan already run losses which exceed UEFA's minimum, and none of them have held back on spending over the past year to meet these criteria.
It is obvious that UEFA are bluffing as most of the big clubs (other than us, Bayern and Arsenal) have not taken any measures to ensure they meet these guidelines. Seriously, Platini is facing off against an Italian PM, Russian Oligarch, and Arab royal. I wonder who can pull more strings...
What Juventus fans should take from this is that our management are feeding us bullshit. They are being cheap not because they want to meet the FFP guidelines, but because it is a convenient excuse to deny opening their wallets. Not too mention it's quite funny as FFP is only relevant if you play in UEFA competitions, 1 of which we are struggling to qualify for and the other we obviously didn't care for.
With that said, I still support our financial stance, as it's the responsible thing to do and avoids putting us into a situation like Man Utd and the Liverpool of H&G.
Our stadium is consuming alot of our resources. We're are building that beauty without going into debt. We're very financially fortunate actually. Once the stadium is built, and now that Secco is gone and not giving out outrageous wages we should be good. 
95m euros was raised through naming and sale of commercial space (Sportfive, Nordiconad). We took out 2 loans for a total of 60m, both from the same bank, payable over 12 years.
5m a season is not a burden. It's our wage bill, coupled with no CL and less money from sponsors and broadcasters that is hurting us this season.
5m a season is not a burden. It's our wage bill, coupled with no CL and less money from sponsors and broadcasters that is hurting us this season.