The Financial Situation (67 Viewers)

[Fake Melo]

Juventus have recorded a financial loss for the first half of the 2010-11 season.

The Old Lady posted a deficit of €39.5m, more than double this time last year.

It's thought that investment in the new stadium and last year's failure to qualify for the Champions League are behind the figures.

Juventus' financial results were announced at a meeting of the club's majority shareholders.

Khaled Fareg Zentuti, the representative of Lafico, the Libyan company with a 7.5 per cent stake in the club, wasn't present for reasons well-documented in the media.

 

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[C4ISR]

They warned us about significant losses for this season starting in the summer. Seeing as how it was anticipated early, presumably they have a plan in place for dealing with it. so I'm not worried.

Regardless, a €39.5m deficit for half a season is bad news, and makes all these rumours of large transfer budgets this summer all the more laughable.

 

[gray]

...presumably they have a plan in place for dealing with it. so I'm not worried.

Methinks a big part of that plan was qualifying for the Champions League

 

[Hydde]

yeps....

if we dont qualify for the CL this term....... i really dont know what will happen...

AT least before we were crap but financually ok.... now we are bad in both....

we can end like a midtable team for real this time.

 

[WΏΏdy?]

We lost a lot more than 40 mil

 

[gray]

I'm not as worried about the 40m loss as I am about not qualifying for the Champions League. That could seriously make or break at least the next 5 years for us, if not more.

If we fail to qualify for the CL, it means we miss out on a lot of bonus money, reduced revenues from our new stadium and an inability to sign good players due to lack of money and CL football. With Serie A losing a spot to Bundesliga for 2012/13, it's going to be extremely difficult for us to get back to the top.

 

[Badass J Elkann]

some info that was shared out to me

"even without CL we are obtaining a large chunk of revenue from the stadium (naming rights etc) all of which fall under revenue earned for FFP. "

"Lafico own 7.5% of Juve - confirmed as state owned (which is good) but as with most externally held Libyan assets they have been frozen for now which means we cant do anything about it yet. "

p.s he also says that the arrival of bastos is very likely.

 

[Byrone]

Who is he?

 

[JCK]

What is FFP?

 

[Quetzalcoatl]

JCK- Financial Fair Play

Bastos? Whoop-dee-doo!

 

[Suns]

Bastos would be a typical 4-4-2 winger which would basically mean that we have no plans in replacing Del Neri.

 

[Nicholas]

Or the consulted the new coach and he wanted Bastos as a Winger in a 4-2-3-1.

 

[Byrone]

Since BD can't answer me, i'm assuming his reliable drughi source, is the city council garbage disposal guy that collects all the trash in Turin.

 

[C4ISR]

some info that was shared out to me

"even without CL we are obtaining a large chunk of revenue from the stadium (naming rights etc) all of which fall under revenue earned for FFP. "

"Lafico own 7.5% of Juve - confirmed as state owned (which is good) but as with most externally held Libyan assets they have been frozen for now which means we cant do anything about it yet. "

p.s he also says that the arrival of bastos is very likely.

This information is hardly a secret and is stating the obvious (minus the Bastos part).

 

[Badass J Elkann]

Since BD can't answer me, i'm assuming his reliable drughi source, is the city council garbage disposal guy that collects all the trash in Turin.

oh sorry if i don't continuously press f5 expecting a reply from you in order to answer you immediately, the question itself was a vague one, who is who?

 

[Scuba51]

Bastos would be a typical 4-4-2 winger which would basically mean that we have no plans in replacing Del Neri.

Or a 4-2-3-1, 4-3-3 or even a wing back in some sort of 3-x-x formation. So basically any formation with wingers/wingbacks.

 

[Byrone]

oh sorry if i don't continuously press f5 expecting a reply from you in order to answer you immediately, the question itself was a vague one, who is who?

Vague? It's vague because you didn't mention who told you about this.

some info that was shared out to me

"even without CL we are obtaining a large chunk of revenue from the stadium (naming rights etc) all of which fall under revenue earned for FFP. "

"Lafico own 7.5% of Juve - confirmed as state owned (which is good) but as with most externally held Libyan assets they have been frozen for now which means we cant do anything about it yet. "

p.s he also says that the arrival of bastos is very likely.

What does the last sentence bring up?

 

[Powis]

Juventus announce that the LAFICO share (7.5% of the capital) has been frozen after the Libyan company was placed on the EU list

 

[Bjerknes]

Interesting to see what will happen to the share prices on Monday.

 

[only-juve]

Interesting to see what will happen to the share prices on Monday.

Going down for sure.