The Financial Situation (69 Viewers)

[whateverr]

Everyone should thank Blanc for the job done here...possibly the only one in the new board who has done well in his position...and done it consistently...as well as being a pretty likable guy, unlike the troll Gigli whose random comments would turn Agnelli in his grave.

 

Buy on AliExpress.com

[Snoop]

Fuck off!! Secco is the man!!

 

[ZAF3000]

Here is the official statement:

6 August 2009
Board of directors approves figures as in June 2009
The Juventus board of directors has approved the figures relative to the fourth trimester.

Which show that the net result up to the 30th June is a positive €6.6 million. This is a significant improvement compared to last year when the result was €20.8 million in the negative. This is relevant data which is associated with a net positive financial position of 25.6 million, which represents an improvement of over 14 million over that of the 2007/2008 season. Takings have also risen for this season – thanks especially to the effect of the Champions League – touching the 20.4 million mark, an 18% improvement over last year. The figures are at the level of the 2005/2006 season.

With regards to the data relative to the 4th trimester, the takings are equal to 53.4 million (+26.1% compared to 2007/2008) and expenses at 56.2 million (an increase of 28.1% compared to last year). The trimester has a net negative result of €15.1 million, an improvement of over 5 million when compared to 2007/2008.

«The figures approved by the board – declared Juventus general manager Jean-Claude Blanc at the end of the meeting – confirm the quality of the work done, on all levels, and represent a solid base for next year, for which we have formulated a foreseen sustainable break even. These figures consolidate the idea of sustainable football: an objective which is practical thanks to a careful management and the dedication and professionalism of all the employees and collaborators of the club».

The details of the fourth trimester are published in the press release.

The press release:

6 August 2009 - BOD approves figures al 30 June 2009

Revenues for the 2008/2009 financial year up to € 240.4 million and net profit of € 6.6 million.
Turin, 6 August 2009 – The Board of Directors of Juventus Football Club S.p.A. today approved the results for the fourth quarter of the 2008/2009 financial year (April-June 2009).
Highlights

• cumulative Revenues at 30 June 2009 amounted to € 240.4 million, an increase of 18% compared to € 203.7 million at 30 June 2008;
• cumulative Operating Costs at 30 June 2009 amounted to € 194.3 million, an increase of 11.4% compared to € 174.5 million in the previous financial year;
• the cumulative Operating Result at 30 June 2009 was positive for € 13.8 million, against a negative balance of € 10.3 million in the previous financial year, due mainly to participation in the UEFA Champions League (€ 25.2 million) and the absence of the write-down regarding the registration rights of the player Andrade (€ 6.8 million in the 2007/2008 financial year);
• as a result of the above, the cumulative Net Result at 30 June 2009 was positive for € 6.6 million, against the negative balance of € 20.8 million in the previous financial year;
• Shareholders’ equity at 30 June 2009 amounted to € 101.8 million, an increase compared to € 95.4 million at 30 June 2008;
• the Net Financial Position at 30 June 2009 was positive for € 25.6 million, an improvement compared to the positive balance of € 11.3 million at 30 June 2008;
* * *
• Revenues for the fourth quarter of the 2008/2009 financial year amounted to € 53.4 million, an increase of 26.1% compared to € 42.5 million in the fourth quarter of the previous financial year, due mainly to the higher revenues from television and radio rights;
• Operating Costs for the fourth quarter came to a total of € 56.2 million, an increase of 28.1% compared to € 43.9 million in the corresponding period of the previous financial year, due mainly to the higher players’ wages and technical staff costs;
• the Operating result for the fourth quarter was negative for € 13 million, against a negative balance of € 18.4 million in the corresponding period of the previous financial year, due mainly to the absence of the write-down regarding the registration rights of the player Andrade (€ 6.8 million in the fourth quarter of the 2007/2008 financial year);
• the fourth quarter of the 2008/2009 financial year closed with a negative Net Result of € 15.1 million, against the negative balance of € 20.3 million in the same period of the previous financial year.

Source: juventus.com

 

[ZAF3000]

I really think we are doing a great job. Whether you like them or not, the management was spot on when it came to finances.

 

[cimenk]

but do u think we need to balance the wage bill for this season? we sign Melo, Canna, Diego, and Caceres who are high earners. We just release Nedved. We need to sell Poulsen and Grygera. That's why our BOD want to sell Trez before. He earn 4.5 mEuro after tax (9mEuro) and they hope 10mEuro as the sell price. If u sum it that means 19mEuro. They can use it for next transfer campaign or balance the books. I don't get it when the ppl here want our BOD to sign great players but they never think about where the money come from

 

[Bozi]

Juventus President Giovanni Cobolli Gigli is beaming at news the club has made a profit and reinforced on the transfer market.

“We ended the fiscal year with £5m profit, an 18 per cent increase compared to last season,” said the patron after today’s board meeting.

“Juve have once again become competitive in the economic environment. We are extremely solid.”

In a year when clubs like Milan and Roma are forced to sell their stars to raise funds, it is particularly significant that the Bianconeri are making money.

They reinvested it by signing Diego, Felipe Melo, Martin Caceres and Fabio Cannavaro to build an impressive side.

“The team is stronger than last season and above all we have reinforced significantly in every area of the squad,” continued President Cobolli Gigli.

“In attack we have also rediscovered the motivation and fitness of David Trezeguet, turning us into a truly competitive outfit.

“Are we stronger than Inter? I am not interested in them. We will see on the pitch who is the better team.”

Meanwhile, the Bianconeri must whittle down the squad, with Sergio Almiron heading for Bari and Christian Poulsen reportedly in talks with Fiorentina.

“Almiron to Bari is a possibility, but we will not give Poulsen to Fiorentina. I can confirm we will do everything we can to sell these two players, though.”

 

[Raj007]

Almoron and Poulsen must be sold at the very earliest.

If Poulsen does say that he does care about first team football, then he should've left a while back. Clearly, sitting on one's arse and getting paid for it isn't such a bad career option after all !!!

And about Almoron, he should be sold to whichever club gives even peanuts for him

BODs and their entire ploy to balance the books by selling Trezegol

 

[Gep]

I wonder how this compares with the other clubs??

 

[Mark]

2008-09 +6.8m €

2007-08 -20.8m €

 

[Hust]

What does that mean mark? That we made that much, or that's what we have left? How much we spent?

 

[IrishZebra]

What does that mean mark? That we made that much, or that's what we have left? How much we spent?

Those two figures represent what money we had at the end of the trading year (may 31st i believe).

we made a profit of 6million last year, including mercato, the year before we lost 20million including the tiago/almiron etc mercato

 

[Hust]

That is a hell of a big difference.

Thanks dude

 

[Hust]

Board of Directors approves figures for 1st quarter of 09/10

The Board of Directors of Juventus Football Club S.p.A. today approved the results for the first quarter of the 2009/2010 financial year (July-September 2009). Revenues amounted to € 64.9 million, an increase of 12.7% compared to € 57.6 million in the first quarter of the previous financial year, mainly due to the higher revenues from television and radio rights recorded following the higher number of home Championship games played in the quarter. Operating Costs amounted to € 48.4 million, an increase of 6.4% compared to € 45.5 million in the corresponding period of the previous financial year, mainly due to higher mutuality costs related to television rights. The Operating Result was positive for € 7.7 million, against the positive balance of € 4.7 million at 30 September 2008, due to the higher growth of revenues compared to operating costs. The first quarter of the 2009/2010 financial year closed with a positive Net Result of € 5.6 million, against the positive balance of € 3.1 million in the same period of the previous financial year. Shareholders’ Equity at 30 September 2009 was € 107.4 million, an increase compared to € 101.8 million at 30 June 2009 due mainly to the result for the period. The Net Financial Position at 30 September 2009 was positive for € 5.9 million, a decrease compared to the positive balance of € 25.6 million at 30 June 2009, due to the cash flows of the period following the operations of the Transfer Campaign first phase.

Press Release

 

[Dostoevsky]

Why did you post that here, fool!

 

[Ahmed]

BUMP

ok guys, so now what? it's clear we have taken a huge hit financially from getting KO'ed in the 1st round...any ideas on specific figures on how much we have lost? and where do we go from here, do we have any money for signings?

 

[Suns]

Well, let's win the Europa League to cut the losses. But tbh, I can't see us win shit with Ciro.

 

[blondu]

15 mils for start just after those 90 mins ended + the tickets for a match + tv rights + next year - cut for some rights. there are more but these are coming into my mind now

 

[CAPITANO]

we might get half of what we lost if we win the Euro cup and Serie A

 

[Ahmed]

damn, that is fucked up...not one, but 2 seasons down the drain

 

[IrishZebra]

Bremen made more in the EL last year then they had in their past CL knock-out progression.

We could offset it with scudetto, EL and Coppa triumph.