It's been reported that Torino wants to renew his co-own (obviously) and Juve said no (obviously).
So Cairo wants to pay 6M for his other half (LOL) and of course Juve won't take it.
I feel that if Torino offer like 7M + 1/2 half some youngster Marotta might take it. But if they don't, it's simple: Immobile will be bought, return, and if Dortmundo doesn't offer 15M for him, he'll stay for next season.
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We'll always have installments to settle, most clubs operate this way and we're not an exception, but the full figure must be accounted for immediately. You can actually see, if you compare these figures with the ones in the cash flow statement from above, incredible congruence, although monetary transactions for the transfers bellow will occur within the next few years. Then you can look at the pattern in the last few years and in the season before (2012/13) we invested 68m, 2011/12 almost the same...therefore the explanation of that congruence. That is why I believe it is highly unlikely that we'll spend mere 10m next summer.
2013/14
It makes sense. But I don't think it will be much more than 10M. Most of these 68M are due from 3/4 years ago and most of these debts will be finished this summer. So if we spend say like 30M, the burden this summer would be too heavy.
Also, checking our accounts, I don't find it very encouraging. Our level of general debt (liabilities) is pretty high. Our own capital is waaay less than our debt. It's of only 53M at the moment, while liabilities are at around 420M, and our assets total 480M. I mean, the total of liabilities is almost equal to the total of assets; and the financial debt, which is the one that really matters, is around 160M. It's a lot. But I believe a good part of it comes from Exor, so interest should be pretty low.
Our situation is improving, but it's not that comfortable at all.
And the most worrisome is how matchday income and commercial income are still very weak for Juventus. I don't really know what should be done in this department.
But I do know that we'll sign with Adidas a contract almost as worth as Madrid's. They get 30M a year. We'll get something like 25M a year, or more.
B