The Financial Situation (38 Viewers)

[Monty]

Time to generate some pluvalenza...adios dybi

 

Buy on AliExpress.com

[Xperd]

#Juventus revenues (including capital gains) down to 570 million in 2020 (621 million in 2019). #Covid effect on core revenues which fell to 410 million (464 million in 2019). #Exor (for now) also sees red in 2021


Someone translate this article pls

 

[Juvellino]

They need to fix the formula ASAP.

At this rate, Juventus will shrink again in a few years.

Love or hate Marotta he always balanced the books and we were never in danger financially. Paratici’s philosophy is completely different. We need to go back to Paratici identifying the talents and a money man negotiating the fees and wages.

 

[Juliano13]

Love or hate Marotta he always balanced the books and we were never in danger financially. Paratici’s philosophy is completely different. We need to go back to Paratici identifying the talents and a money man negotiating the fees and wages.

I doubt it's Paratici. Marotta was forced out because Agnelli wanted more control. If we keep going this way I wouldn't be surprised if Elkann has him replaced.

 

[U Picciriddu]

How though?

 

[Monty]

#Juventus revenues (including capital gains) down to 570 million in 2020 (621 million in 2019). #Covid effect on core revenues which fell to 410 million (464 million in 2019). #Exor (for now) also sees red in 2021


Someone translate this article pls

i just put it through google translate and the result was

 

[Siamak]

 

[Elvin]

They need to fix the formula ASAP.

At this rate, Juventus will shrink again in a few years.

Yeah. Not sign Suarez!

 

[j0ker]

So revenues are down but we also managed to cut down costs and losses compared to last year?

 

[JuveJay]

So revenues are down but we also managed to cut down costs and losses compared to last year?

Might be reading it wrong but the reduction in costs in losses can only be because of the players accepting the postponement of salaries totalling €90m.

 

[Cerval]

Might be reading it wrong but the reduction in costs in losses can only be because of the players accepting the postponement of salaries totalling €90m.

Shame its a postponement unlike what some other club did

 

[Hydde]

So we are in deep trouble then?

How can we be exècting big signings if the team economy is is shambles?

 

[Xperd]

 

[.zero]

Most firms who operate in a brick-and-mortar experience will experience this. Unfortunately the live event business will be impacted more. Juve is stronger with the backing of EXOR and hopefully the fiscal discipline to navigate a post COVID-19.

Much of it depended on how much long term debt the club holds going into this new financial period

 

[U Picciriddu]

At least we’ll have good coffee when we’re broke

 

[Elvin]

Fuck China!

 

[s4tch]

Fuck China!

and fuck our management, namely marotta and paratici above all, for their contribution to this massive, unsustainable wage bill.

 

[.zero]

For the previous financial period it appears that debt decreased from the prior period. Is that considered OpEx, SG&A and other ongoing BAU expenses? Logically, there are less costs to hosting live games for fans. Less concessions, personnel, security, stadium wards, other services. As well as marketing for tickets which may comprise the largest cost when speaking about digital marketing channels.

 

[Valerio.]

our debt decreased cause in December or so Exor&co put 300m into juventus to lower it

 

[.zero]

our debt decreased cause in December or so Exor&co put 300m into juventus to lower it

Gracias

Ok so a portion of the cash injection from EXOR was used to pay down a small amount of operating debt. Was it their version of a stimulus check for the impending erosion of ticketing revenue which typically funded salaries of employees, staff, players, etc?

Typically parent investors rarely re-invest cash to pay down debt and rather as a loan for business development. Curious to see how the funds will be parsed for use throughout the remainder of the calendar (not fiscal) year.