With the announcement of the sale of Cristiano Ronaldo to Manchester United, Juventus also released the official figures of the operation. The Juventus club failed to enforce the position communicated to Jorge Mendes: to free CR7 as long as not to burden the budget. The agreement with the Red Devils generates a loss of 14 million.
Cristiano Ronaldo not only left there Juventus, but he did it practically on his own terms. Once all the details are officially known, we can summarize the operation that leads the Portuguese champion to Manchester United. Not under the conditions of the Juventus club, or at least not to those that had been communicated to Jorge Mendes during Thursday’s face-to-face, the transfer market summit organized by Juve to put order around the future of the Portuguese, offered to the top middle clubs Europe from your agent.
Juve has never opposed the sale of Cristiano Ronaldo, in consideration of the more than heavy weight in terms of the budget. But precisely by virtue of the attention to be paid to the accounts, the condition placed on Mendes was clear: about 29 million euros were needed for the go-ahead for the sale of CR7, the figure corresponding to its balance sheet value, to be balanced to avoid a capital loss. The transfer, on the other hand, resulted in a lower figure, the maximum that Mendes managed to snatch from Manchester United, with payment spread over five years. It’s all in the official Juventus press release:
“Juventus Football Club SpA announces that it has reached an agreement with Manchester United FC Ltd for the definitive sale of the registration rights of the player Dos Santos Aveiro Cristiano Ronaldo for a consideration of € 15.0 million, payable in five financial years, which may be increased, during the duration of the player’s sports performance contract, for an amount not exceeding € 8.0 million, upon the achievement of specific sports objectives. This operation generates a negative economic impact on the 2020/2021 financial year of € 14.0 million, due to the adjustment of the net book value of the player’s registration rights “.
In summary: for the sale of Cristiano Ronaldo, Juventus will collect three million a year for the next five seasons. A figure that translates into a loss of 14 million and which can be increased by bonuses for a maximum – if all conditions are met – of eight million. Even in the best of hypotheses, therefore, the departure of CR7 will produce a negative effect on Juve’s balance sheet. A further negative point in the context of an operation that turned out to be bloody economically.
