Juventus’ revenue for the 2019/2020 monetary year is expected to reach EUR 570.3 million, ending the season with a loss of 69 million euros, according to a new report by Calcium and Finance.
Football and finance reports that this is the approximate figure, calculated by adding the knowledge regarding the club’s turnover for the January-June 2020 era, published in Exor’s partial reports, to those of the first part of Juventus (July-December 2019).
In fact, the six-monthly report of the circle of relatives held by the company Agnelli / Elkann indicates that in the January-June 2020 era Juventus’ income (including capital gains and other player control income) amounted to EUR 248 million, 43 million less euros.compared to the same time in 2019.
This minimization is basically due to the negative effects of the employer closure related to the Covid-19 pandemic.
By contrast, sales for the July-December 2019 period were equivalent to EUR 322.3 million (EUR 330.2 million in 2018).
In total, Juventus’ turnover for the 2019/2020 season is expected to be EUR 570.3 million, EUR 50.9 million less than 621.2 million euros for the 2018/2019 monetary year.
Specifically, the net profit from the player’s control profit source (including capital gains) is expected to be 410.3 million euros in 2019/2020, 53.7 million euros less than the 464 million euros of 2018/2019.
Figures in millions of euros – Processing of knowledge of CF Juventus and Exor
The minimisation of the benefit is expected to be accompanied, on the basis of the indications in the six-monthly Exor report, through relief on operating expenses (excluding depreciation, depreciation, provisions and monetary expenses) of around forty-five million euros for the 2018/2019 monetary year.
During the January-June 2020 semester, Juventus recorded a 72 million euro registration price relief, which made up for the 30 million euro accumulation recorded for this charge in the July-December 2019 semester.
However, the relief of positions in the 2019/2020 monetary year appears to have been sufficient to involve budget cuts.
The amortization of player registration rates, as indicated in Exor’s six-monthly report, increased by 10 million euros during the January-June 2020 era, while during the July-December 2019 era this game recorded an accumulation of 11.3 million euros..
“With the global fitness crisis constantly evolving,” read Exor’s 16th-year report on Juventus, “the schedule of competitions can be replaced and there are still uncertainties about the option of admitting spectators in stadium matches.
Moreover, the effects of the pandemic can enlarge the economic sectors in which Juventus partners operate, with imaginable negative effects on relations with these partners.
“Even in terms of final customer demand, the effect of the pandemic on the national and global economy can be negative for Juventus client companies.Finally, with respect to the player registration rights market, it is very likely that being discounts on both the number of transactions and related transaction values although, due to the specific nature of the sector, estimating the effect is very difficult.
“As a result,” exor administrators conclude, “these uncertainties, combined with the same old uncertainty in sporting performance, make it incredibly difficult to forecast Juventus’ economic and monetary performance.Today, the year is expected to end with losses.”
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