thanks for sharing. stopped following this guy because of the very rare and small added value that he usually brings. i've seen enough financial statements to come up with similarly insightful comments at first sight like
"broadcasting fell €13m (8%) from €170m to €157m, mainly due to lower receipts from UEFA competitions" thanks sherlock, your hard work is really appreciated
this is still well put:
There are two ways of looking at Juventus’ 2022/23 financial results: on the one hand, there has been a substantial reduction in the deficit; on the other hand, the pre-tax loss was still huge at €117m and also one of the largest in Italy.
exactly. and this is the double faced nature of jj's finances. on one hand, there's the heavy heritage of some unsustainable recruiting strategy (also known as ticiconomics) that was only amplified by the covid effects. we still have like a dozen of players who are virtually impossible to move, and who are on extremely high wages when it comes to their price to performance ratio. and on the other hand, there's an ownership that - according to tuz at least - clearly doesn't care lol, but still saves the club's ass somehow. and that doesn't happen via gds front pages like in inda's case, or not via some friendly help by the federation like in milan's case, but with actual $$$
elkann was quoted the other day saying that he didn't like the management of the last years of unibrow's reign (fully agreed), he'd rather have something like juventus had at the beginning of the previous decade. unless he meant secco, blanc and cobolli gigli lol, i'm all for establishing a new aa, marotta, conte kind of (again, not
them, but some people
like them) dedicated and competent management. jj was a failure, time to be juventus once again.
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I thought our wage bill is 75.1 million net (121.4 million gross) according to Calcio e Finanza.
calcioefinanza usually only list the first squad's wage bill. financial reports contain all the employee's wages, including managers, coaching staff, administrative personnel, and also include the other teams like women and next gen