The Juventus it should close the 2020/21 budget with a red of over 190 million euros. This is what emerges from the half-yearly report of Exor – the holding company of the Agnelli-Elkann family which controls 63.8% of the Juventus club -, which communicated the data for the period January-June 2021.
From the Exor documents it is clear that the Juventus club closed the second semester (the first for Exor, but the second for the Piedmontese company given that the club’s balance sheet runs from 1 July 2020 to 30 June 2021) with losses for 77 million euro, to which the red of 113.7 million of the previous six months.
It would be, in total, a red of 190.7 million euros. Data inevitably influenced by the effects of the Coronavirus emergency, which led to the closure of the stadiums for the whole of 2020/21, and by the path in the Champions League, where Juventus stopped in the round of 16.
If the losses were confirmed, it would be a red more than doubled compared to the 2019/20 financial year, when Juventus closed at -89.7 million euros. For the club it would be the fourth consecutive budget in the red after the profit of 42.6 million in 2016/17 and that of 4.1 million in 2015/16.
It must be said that to have the confirmation it will be necessary to wait until mid-September, when the club will officially communicate the data of the 2020/21 budget. For example, in the 2019/20 season the draft budget was rewritten to incorporate the effects of Gonzalo Higuain’s contract devaluation.
One of these extraordinary items could concern the transaction Cristiano Ronaldo, where the Juventus club recorded a negative economic impact for 14 million euros.
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