The Financial Situation (19 Viewers)
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Are you kidding me? The living conditions in Greece are horribly at the moment, 25% unemployment, 60% youth unemployment, wages cut down by two or three times the last 5 years without any significant deflation, spiking tax levels, completely fucked up privatizations, increase in crime, suicide rates quadruple,...
Juventus Merchandising: Revenue up 34%
Juventus Merchandising Srl is a company subject to the direction and coordination of NIKE, Inc., which manages the merchandising, licensing and the football schools of Juventus.
The budget 2012/13 shows an increase of the production value of 34% and a net profit increases compared to 2011/12, from € 239,793 to € 416,916.
The Nike Group.
Nike Australia Holding BV is the sole shareholder of Juventus Merchandising Srl, with registered office in Turin in Corso Galileo Ferraris. 32. Nike Australia Holding BV is a subsidiary of parent company Nike Inc.. To get an idea of the magnitude of the Nike Group, consider the statements of Nike Inc. 31/05/2012, closed with a net profit of 2.485 billion U.S. dollars (in 2011/12: $ 2.223 billion), with revenues of 25.313 billion U.S. dollars.
The financial Juventus Merchandising.
The financial statements at 31.05.2013 Juventus Merchandising Srl closed with a net profit of € 416,906 (€ 239,793 in 2011/12), which was carried forward. In the minutes of the general meeting of 27 September 2013, among the directors, included: Aldo Mazzia, who is also CEO of Juventus FC Spa, Francesco Calvo, who is also Commercial Director Juventus FC Spa and Gianluca Pessotto.
The Balance Sheet.
Total assets amounted to € 7 million (€ 8,158,939 in 2011/12) and is funded by 56.7% by equity (43.8% in 2011/11), being the shareholders' equity amounted to € 3986961. Fixed assets to total net assets decreased by € 2,105,119 to € 2,336,980. Intangible assets decreased from € 1,079,442 to € 971,223. Most of these fixed assets relates to the costs of the network design and implementation of construction works for the construction of new stores and, in particular, of "Stadium Store" inside the Juventus Stadium. Capital expenditure in the 2012/13 amounted to € 27,575 and amortization, calculated on the basis of the duration of their contracts with the company that owns the mall adjacent to the stadium and with Juventus, amounted to € 135,794. Property, plant and equipment, net increased from € 1,247,538 to € 1,123,896. Most of these fixed regards assets, such as equipment and furniture, for the construction of new stores and in particular of "Stadium Store." During 2012/13, increases were recorded for depreciation and amortization of € 119,738 and € 243,380. Among the financial assets is exposed to the value of the investment in J-Stars Srl, which is an amateur sports club, for € 10,000. Inventories of products Finished goods are increased from € 1,366,028 to € 1,552,693. Society exposes receivables of € 2.4 million, a decrease of approximately 842 000 Euro. The increased credit concerns a contract of deposit and intercompany loan ("Deposit and loan agreement") for € 984,761 to the company Nike European Operations BV Netherland. Nike European Operations BV Netherland acts as a "treasury center" of the Group, and where to deposit the surplus draw loans. Trade receivables, net of allowance for doubtful accounts (€ 1,187,063), amounted to € 673,243. There are accounts receivable related to the retail segment and licensing.'s Tax credits amounting to € 97,737 were also highlighted credits for taxes paid abroad relating to withholding at source from their foreign customers for royalties paid for the use of the trademark Juventus. Cash and cash equivalents amounted to € 914,297, while in 2011/12 amounted to € 1,162,382.
Shareholders' equity increased from € 3,570,055 to € 3,986,971. The change is due to the profit for the year.
Provisions for risks and charges fell from € 50,000 to € 25,216. The change is due to the use of the provision made ​​for an act of vandalism at the "Store" in the center of Turin in May 2012 and incurring legal expenses already accrued. Payables decreased by € 3,466,499 to € 1,923,430 . The greatest amount relates to trade payables amounted to € 1,259,807. The amount of trade payables was reduced due to the reduction in investment in stores, compared to 2011/12.'s Deferred income include € 771,890 (€ 704,490 in 2011/12) royalties for the right to use the trademark Juventus.
The Economic Management.
Sales revenues increased by 34% to stand at € 13,946,655 (€ 10.4 million in 2011/12). The results of the 2009/10 and 2010/11 were modest, as if to reflect the performance of the team sports of football. In fact, sales of the 2010/11 amounted to € 5,812,372 and that of 2009/10 to € 5,695,314. Breakdown of revenues by type shows that revenues from product sales amounted to € 9.7 million (€ 7 million in 2011/12). Of these € 844,896 (€ 709,655 in 2011/12) are derived from the football school. Royalty revenues of the right to use the trademark Juventus amounted to € 3.3 million (€ 2.7 million in 2011/12). The atria school football revenues amounted to € 970,035 (€ 660,643 in 2011/12). The Directors identified in the "Megastore" site in the mall adjacent to the sports facility the main cause in the increase in revenues. With regard to the revenues of the Retail segment, 8.3 million come from well-managed retail outlets, only € 0.5 million come from franchise stores in Milan and Turin Lingotto and sales through the internet channel. Breakdown of revenues for region show that revenue growth has taken place exclusively in Italy. In fact, the breakdown of turnover by geographical area is as follows: Italy € 13,105,549 (€ 9,450,347 in 2011/12 and € 5,179,119 in 2010/11); European Union € 400,931 (€ 457,635 in 2011/12 and € 114,527 in 2010/11); Extra EU € 440,175 (€ 518,768 in 2011/12 and € 518,725 in 2010/11). Operating costs increased by 33% and amounted to € 13.6 million (€ 10.2 million in 2011/12). The costs for the purchase of raw materials and freight increased from € 4.4 million to € 4,986,177. The cost of personnel increased by 7% from € 1,861,441 to € 1,992,954. The cost of services increased to € 5 million to € 3.6 million. Earnings before taxes amounted to € 732,500 (€ 569,997 in 2011/12).
The difference with Manchester United Merchandising Limited
The difference in revenue with the same company that manages the merchandising and licensing of Manchester United is obvious, because the British company a total invoice twice. The spread of turnover grows enormously when you consider the foreign sales. As a consequence, the amounts paid by Nike for the sponsorship contract affected. In fact, for the 2012/13 Manchester United received £ 25.3 million (€ 29.5 million) in respect of guaranteed minimum over £ 12.8 million extra (€ 14.9 million); while, Juventus has undoubtedly been hampered by the renegotiation of the contract with Nike in 2006. Nike confirmed the technical sponsorship with Juventus until the original due date at the end of the season 2014/2015. However, Nike agreed to a reduction in fees of approximately € 4.5 million for the financial year 2006/2007 and a further € 4.5 million approximately divided into the following eight years of the contract. Not being shown explicitly in the budget the amount of technical sponsorship, according to some estimates, including the site "fan Balanced" for 2012/13, the amount would have been 16.5 million. Among the curiosities , the Management Report, it is clear that the economic relationship with Manchester United Merchandising Limited, which is a related party of Juventus Merchandising Srl, has generated costs for services and € 15,544 to € 52,565 Revenue Royalties.
Final Thoughts.
The Directors report that the business in which Juventus Merchandising Srl is closely correlated to the sport of Juventus Football Club SpA and emotionalism that performance sports exert on fans. Nevertheless, in the opinion of the writer, the increase in the volume of 'business is, without a doubt, the combined result of several important factors: the trend of the sports team, which is in 2011/12 than in 2012/13 won the championship over to the Italian Super Cup, reaching the quarterfinals in the Champions League ; the stage of properties and new stores.
From the data, it would appear that the merchandising of Juventus in 2012/13 confirms the fact already mentioned for the 2011/12, the "skip-level" compared to the seasons of seventh place, to begin to be able to compare with the level reached by European clubs , at least those of average band. The Top Club, like Manchester United, are still very far apart.
Luca Marotta
Juventus Merchandising Srl is a company subject to the direction and coordination of NIKE, Inc., which manages the merchandising, licensing and the football schools of Juventus.
The budget 2012/13 shows an increase of the production value of 34% and a net profit increases compared to 2011/12, from € 239,793 to € 416,916.
The Nike Group.
Nike Australia Holding BV is the sole shareholder of Juventus Merchandising Srl, with registered office in Turin in Corso Galileo Ferraris. 32. Nike Australia Holding BV is a subsidiary of parent company Nike Inc.. To get an idea of the magnitude of the Nike Group, consider the statements of Nike Inc. 31/05/2012, closed with a net profit of 2.485 billion U.S. dollars (in 2011/12: $ 2.223 billion), with revenues of 25.313 billion U.S. dollars.
The financial Juventus Merchandising.
The financial statements at 31.05.2013 Juventus Merchandising Srl closed with a net profit of € 416,906 (€ 239,793 in 2011/12), which was carried forward. In the minutes of the general meeting of 27 September 2013, among the directors, included: Aldo Mazzia, who is also CEO of Juventus FC Spa, Francesco Calvo, who is also Commercial Director Juventus FC Spa and Gianluca Pessotto.
The Balance Sheet.
Total assets amounted to € 7 million (€ 8,158,939 in 2011/12) and is funded by 56.7% by equity (43.8% in 2011/11), being the shareholders' equity amounted to € 3986961. Fixed assets to total net assets decreased by € 2,105,119 to € 2,336,980. Intangible assets decreased from € 1,079,442 to € 971,223. Most of these fixed assets relates to the costs of the network design and implementation of construction works for the construction of new stores and, in particular, of "Stadium Store" inside the Juventus Stadium. Capital expenditure in the 2012/13 amounted to € 27,575 and amortization, calculated on the basis of the duration of their contracts with the company that owns the mall adjacent to the stadium and with Juventus, amounted to € 135,794. Property, plant and equipment, net increased from € 1,247,538 to € 1,123,896. Most of these fixed regards assets, such as equipment and furniture, for the construction of new stores and in particular of "Stadium Store." During 2012/13, increases were recorded for depreciation and amortization of € 119,738 and € 243,380. Among the financial assets is exposed to the value of the investment in J-Stars Srl, which is an amateur sports club, for € 10,000. Inventories of products Finished goods are increased from € 1,366,028 to € 1,552,693. Society exposes receivables of € 2.4 million, a decrease of approximately 842 000 Euro. The increased credit concerns a contract of deposit and intercompany loan ("Deposit and loan agreement") for € 984,761 to the company Nike European Operations BV Netherland. Nike European Operations BV Netherland acts as a "treasury center" of the Group, and where to deposit the surplus draw loans. Trade receivables, net of allowance for doubtful accounts (€ 1,187,063), amounted to € 673,243. There are accounts receivable related to the retail segment and licensing.'s Tax credits amounting to € 97,737 were also highlighted credits for taxes paid abroad relating to withholding at source from their foreign customers for royalties paid for the use of the trademark Juventus. Cash and cash equivalents amounted to € 914,297, while in 2011/12 amounted to € 1,162,382.
Shareholders' equity increased from € 3,570,055 to € 3,986,971. The change is due to the profit for the year.
Provisions for risks and charges fell from € 50,000 to € 25,216. The change is due to the use of the provision made ​​for an act of vandalism at the "Store" in the center of Turin in May 2012 and incurring legal expenses already accrued. Payables decreased by € 3,466,499 to € 1,923,430 . The greatest amount relates to trade payables amounted to € 1,259,807. The amount of trade payables was reduced due to the reduction in investment in stores, compared to 2011/12.'s Deferred income include € 771,890 (€ 704,490 in 2011/12) royalties for the right to use the trademark Juventus.
The Economic Management.
Sales revenues increased by 34% to stand at € 13,946,655 (€ 10.4 million in 2011/12). The results of the 2009/10 and 2010/11 were modest, as if to reflect the performance of the team sports of football. In fact, sales of the 2010/11 amounted to € 5,812,372 and that of 2009/10 to € 5,695,314. Breakdown of revenues by type shows that revenues from product sales amounted to € 9.7 million (€ 7 million in 2011/12). Of these € 844,896 (€ 709,655 in 2011/12) are derived from the football school. Royalty revenues of the right to use the trademark Juventus amounted to € 3.3 million (€ 2.7 million in 2011/12). The atria school football revenues amounted to € 970,035 (€ 660,643 in 2011/12). The Directors identified in the "Megastore" site in the mall adjacent to the sports facility the main cause in the increase in revenues. With regard to the revenues of the Retail segment, 8.3 million come from well-managed retail outlets, only € 0.5 million come from franchise stores in Milan and Turin Lingotto and sales through the internet channel. Breakdown of revenues for region show that revenue growth has taken place exclusively in Italy. In fact, the breakdown of turnover by geographical area is as follows: Italy € 13,105,549 (€ 9,450,347 in 2011/12 and € 5,179,119 in 2010/11); European Union € 400,931 (€ 457,635 in 2011/12 and € 114,527 in 2010/11); Extra EU € 440,175 (€ 518,768 in 2011/12 and € 518,725 in 2010/11). Operating costs increased by 33% and amounted to € 13.6 million (€ 10.2 million in 2011/12). The costs for the purchase of raw materials and freight increased from € 4.4 million to € 4,986,177. The cost of personnel increased by 7% from € 1,861,441 to € 1,992,954. The cost of services increased to € 5 million to € 3.6 million. Earnings before taxes amounted to € 732,500 (€ 569,997 in 2011/12).
The difference with Manchester United Merchandising Limited
The difference in revenue with the same company that manages the merchandising and licensing of Manchester United is obvious, because the British company a total invoice twice. The spread of turnover grows enormously when you consider the foreign sales. As a consequence, the amounts paid by Nike for the sponsorship contract affected. In fact, for the 2012/13 Manchester United received £ 25.3 million (€ 29.5 million) in respect of guaranteed minimum over £ 12.8 million extra (€ 14.9 million); while, Juventus has undoubtedly been hampered by the renegotiation of the contract with Nike in 2006. Nike confirmed the technical sponsorship with Juventus until the original due date at the end of the season 2014/2015. However, Nike agreed to a reduction in fees of approximately € 4.5 million for the financial year 2006/2007 and a further € 4.5 million approximately divided into the following eight years of the contract. Not being shown explicitly in the budget the amount of technical sponsorship, according to some estimates, including the site "fan Balanced" for 2012/13, the amount would have been 16.5 million. Among the curiosities , the Management Report, it is clear that the economic relationship with Manchester United Merchandising Limited, which is a related party of Juventus Merchandising Srl, has generated costs for services and € 15,544 to € 52,565 Revenue Royalties.
Final Thoughts.
The Directors report that the business in which Juventus Merchandising Srl is closely correlated to the sport of Juventus Football Club SpA and emotionalism that performance sports exert on fans. Nevertheless, in the opinion of the writer, the increase in the volume of 'business is, without a doubt, the combined result of several important factors: the trend of the sports team, which is in 2011/12 than in 2012/13 won the championship over to the Italian Super Cup, reaching the quarterfinals in the Champions League ; the stage of properties and new stores.
From the data, it would appear that the merchandising of Juventus in 2012/13 confirms the fact already mentioned for the 2011/12, the "skip-level" compared to the seasons of seventh place, to begin to be able to compare with the level reached by European clubs , at least those of average band. The Top Club, like Manchester United, are still very far apart.
Luca Marotta
Beppe's bro?
In other news, Arsenal just announced a deal with American Air that will pay them 20m a year for their training kit sponsorship
Unbelievable, it was nice while it lasted by the English teams are running away with this shit. There is no fair competition and the gap will keep on growing.
In other news, Arsenal just announced a deal with American Air that will pay them 20m a year for their training kit sponsorship
Unbelievable, it was nice while it lasted by the English teams are running away with this shit. There is no fair competition and the gap will keep on growing.
