TORINO – The Juventus Board of Directors, held this morning, approved the consolidated financial statements for the year ended June 30, 2021, which highlights a loss of € 209.9 million which will be covered by using the share premium reserve. With a 15-page press release, Juventus illustrates the balance sheet of the last season and these are not positive news, even if widely expected. The effect Covid has had a heavy impact on Juventus’ accounts.
It virus
“For a correct interpretation of the data, it must first be noted that the 2020/2021 financial year was
significantly penalized – as for all companies in the sector – by the persistence of the health emergency
connected to the Covid-19 pandemic and the consequent restrictive measures imposed by the Authorities. There
pandemic has significantly influenced – directly and indirectly – the revenues from tenders, revenues from sales of
products and licenses and income from players’ rights management, with a consequent inevitable negative impact of both
economic-equity nature on the result for the year and on shareholders’ equity, and of a financial nature on cash-flow
and on debt “, reads the press release.
Debt
The debt is stable and stands at a 389 million (4 more than in the previous year). But it should be noted that as at 30 June 2021 the Group has bank credit lines for 573.1 million, not used for a total of 335.9 million.
super lega
A passage of the press release is dedicated to the Super League, but only to update the position of the company. “To date, it is not possible to predict with certainty the outcomes and future developments of the Super League project, of which Juventus remains convinced of the legitimacy.”
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