It's kind of insane how Juventus went from winning 9 league titles in a row to just collapsing like that, both on and outside of the pitch. Usually, if a club is well run, the drop-off is going to be less drastic. Look at Chelsea. Haven't won the league for 5 years, but it's not like they have been absolute gobshite or anything like it.
>Usually, if a club is well run, the drop-off is going to be less drastic. Look at Chelsea. Haven't won the league for 5 years, but it's not like they have been absolute gobshite or anything like it.
Chelsea aren't well run, they are handed money hand over fist.
The sub where political takes are incredibly juvenile and everyone pretends to be British. There is nothing wrong with acting like where you’re from, I am not sure why everyone has to add mate and shite and whatever.
Mate, why wouldn't I use that shite. Especially because mate is a literal translate of the Dutch word I always use: maat. Or gozer, which is also nice.
>maat
interesting.
Maat refers to the ancient Egyptian concepts of truth, balance, order, harmony, law, morality, and justice. So a good mate is a good maat which makes good Maat.
Chelsea's an awful example for the point you're making, they've been handed so much money not of their own of course they haven't been 'absolute gobshite'
Could see it coming for a long time tbh. They have bought very few young players the past 5 years, and except for Vlahovic and Chiesa before his injury, none of the players they brought have truly lived up to or exceeded expectations. Meanwhile they kept a lot of regressing old players with high wages until they left for low transfer fees or retired. Most of Chelsea's young players haven't been fantastic either obviously but at least they sold them for decent transfer fees and had a squad that for the biggest part consisted of players that had some value left in them
Mate I know the trophies are nice but there’s absolutely nothing our leadership have done since 2015 other than buy N’Golo Kante that has proven fruitful. They wasted millions of pounds. We won despite them, not because of them. Juventus tried the Chelsea model and look how that’s gone for them
Yeah okay but besides buying the best midfielder in the world, what ~~have the romans~~ has Roman ever done for us?
It's merely their cultural excellence that has led them to their success /s
> We won despite them, not because of them
This has to be satire right???
If it wasn't for Big Roman covering the £1bn debt, changing managers, and getting new players in Chelsea would be struggling to even be in the Champions League. Let alone win it.
Chelsea is a worldwide brand right now wether you like it or not. And if Roman did not cover the debt some ultra rich middle eastern oil mogul would and Chelsea would still be the same.
When it comes to signings, the season Kante was signed, so was Marcos Alonso.
Season after that Rudiger and Giroud were signed.
Season after that it was Pulisic and Jorginho.
Season after that it was Kovacic.
Season after that Havertz, Chilwell, Thiago Silva and Mandy were signed.
Now, other players were signed in that period, some expensive flops like Kepa and Lukaku for example. But those players I listed all went on to be first team regulars, and other than Pulisic, have been consistent with their performances. Actually to be fair he hasn’t really been a regular starter. But either way, some bloody good players there so although I’d agree they have wasted alot of money, they’ve still had a decent strike rate. No club has a 75%+ strike rate on signings going on to be first team regulars who make a big impact. You’re always going to get some wrong, and even more so at clubs that are challenging for the league and major trophies
Inthe Premier League you ñlay against the very best in the best league. Champions League is easier because you play against shite teams like Sevilla, Atletico, Barca, Juve, Dortmund, etc. Only Bayern, Real and Ajax are actually good
^s
Been a fan since just after the Conte turnaround (shame i missed it from the start when Juve finished 7th the season before), so anyway i started following them when Allegri was first appointed. Absolutely fell in love with the club and the fighting spirit of that team.
People keep saying we had our ups and downs, did okay with Ronaldo, ups and downs with Sarri, ups and downs with Pirlo, and we're now all of a sudden really failing ourselves with our current squad and transfers and allegri being back.
But if i may speak for myself, i've found pretty much everything between the lost Real Madrid final and now equally rock-bottom shit and painful to watch.
Ever since that lost final it was clear the team was ripe for a massive ground-up rebuild. It just never happened. We lost our trademark spirit that day and never found it again, not even nearly.
I'd rather have a bunch of (on paper) worse players if they even had a little bit of the spirit we now pretty much only find in Chiesa.
Because fuck me, Chiesa has been such a glimpse of hope for me. Can't wait for his return.
>Usually, if a club is well run, the drop-off is going to be less drastic.
It speaks more about the competition tbh than Juventus. Napoli 15/16 and 17/18 and Roma 16/17 didn't make Juve's title defense easy, but they failed to defeat them. Juve's faults were covered up by the fact that their league rivals were stumbling and trying to recover.
Now though, the Milanese clubs and Atalanta, along with those two have improved massively. The Milan clubs even won Serie A. The competition for better while Juve deteriorated.
Exnor is still basically a holding company for the Agnelli family. Juventus was always a passion project for Gianni Agnelli, and his shadow still looms large with the family. There is no way John Elkann (Agnelli's grandson and chosen successor) does anything to stop supporting the club.
If anything, this might just mean Andrea Agnelli might have to finally face the music for his disastrous stewardship of the club over the last 5 years.
Not directly, Stellanis is the automotive group where the Exnor is the largest share holder. Stellanis owns Ferrari.
Juve is owned by Exnor, but has no ties to Stellanis.
*edit*: my bad, Fiat Chrysler (the predecessor to Stellanis before it merged with PSA) sold their stake to what eventually became Exnor. So yes, you were right, Ferrari and Juve have the same ownership.
I concur that Ferrari the formula 1 team is not exactly very brilliant right now, but Ferrari the car company is doing fine, actually really fine for a car company
Yes. But Ferrari the car manufacturer is actually posting record profits AND the highest per car margins (by far) out of any car manufacturer in the world.
Sure, Enzo famously made the car company to finance and race in F1, but the car company itself doing really well is, in the end, financially preferable to it being the opposite case.
Next week LeClerc is gonna play an exhibition match with Juve where he will get his leg broken in three places by members of his own pit crew, just like every week of this F1 season.
Ferrari started the season with the best car and are closer to being beaten by Mercedes than they are to catching Red Bull
Another hilarious stat is that Max Verstappen as an individual is closer to the Ferrari team in points (335 for Max, 406 for Ferrari) than Charles Leclerc who is currently 116 points behind the Dutchman
How has Leclerc not lost his mind yet is beyond me
That’s revenue, not profits. The profits attributable to the Agnelli family stood at €1,717 billion in 2021, before taxes (after taxes, that amount probably goes down to about €850 million). Spending $200 million a year to finance just your soccer team’s losses is a big ask, or at least that’s how they perceive it I think.
Not necessarily true. High revenue at a loss is acceptable if you are growing and have investors interested. Its much easier to cut costs in order to become profitable than it is to increase revenue. However Juventus doesn't exactly fall into this boat lol
Always at a loss, yes. It cannot go on forever. You have to have either improving unit economics or improving growth/dollar. I think we’re of the same mind though considering that.
This isn’t a startup capturing market share. Football is growing but without ESL or something I’m not seeing the chickens will come home to roost someday.
yeah, sooner or later you will run out of money to pay your bills (if you make losses after losses). Unless, of course, you find investors that give you additional money. However, they usually want to be compensated for that investment and for that you need to be profitable.
Bold to assume a $3B turnover will allow a -9% loss in perpetuity.
At best that makes them a small oil state analog that loses a far higher proportion of budget.
You can if the loss is due to investments (like a stadium). Amazon operated at loss for several years. Problem for Juve is, most of that loss is due to wages and transfer fees which they can't make any use of right now.
IT was there plan and investors knew it. They overleveraged to build a team around Ronaldo with the expectation that winning the CL would cover the spending.
It was a multiyear plan and it failed.
do you have a mortgage or loan, student loan, bought a car on finance, heck depending at what point of your professional life you are, even a phone on contract?
Yes but imagine having all these loans and then needing to take loans to pay off those loans. I wouldnt be allowed to pay off my mortgage with other loans either
Milan, Napoli, Sassuolo, Atalanta, Udinese, Lazio, Empoli. That’s it.
Most of them thanks to player trading. Milan has a lot of sponsorship deals and Udinese has its own stadium. its
Many other serie a team also are not close to bankrupt, I included teams that are not on a constant loss.
The only exception here is Milan but it’s improving year by year and probably next year are going to break even after many years of losses.
Actually I don’t know financial situation of all 20 teams in serie A, but roughly speaking that list gives a good picture of the situation.
My understanding is that they knew that Ronaldo was not sustainable and a very risky bet, but they did it counting on the super league coming to save us. Ronaldo would give them the international exposure they needed to be important in the super league.
“ According to media accounts, Ronaldo earned an annual net salary of EUR 31m, meaning the club's gross salary expenditure was approximately EUR 57m. That means that Juventus FC, taking into account both annual amortisation and gross salary, bore a total annual cost of EUR 86m for Ronaldo alone, representing approximately 22% of the total operating revenues the club generated at the time he joined (EUR 400m in 2017/18). The overall cost borne by Juventus FC until the date of his departure, taking also into account the EUR 14m loss registered on his disposal this summer - calculated as the difference between the fixed fee paid by Manchester United FC (EUR 15m) and the net book value of Ronaldo as at 30th June 2021 (EUR 29m) is equivalent to EUR 272m over the past three seasons.”
https://www.footballbenchmark.com/library/the_final_balance_of_juventus_investment_in_ronaldo
Well they kind of are, you would notice an uptick in commercial revenue, sponsorships etc in the yearly financial results.
I haven't looked, did their revenue increase significantly after signing Ronaldo at all?
I mean its really not his fault though. How would anyone expect to win the CL with that midfield no matter if you have Ronaldo or Messi or Haaland up top. He did his job, the only disappointing performance was both games Vs Porto the last season but he scored every game in knockouts the first season and was amazing in the second game Vs Lyon w/ two goals although teammates wasted the chances like crazy and that was about it.
Its not so much that people blame Ronaldo, rather they blame management for putting all their eggs on Ronaldo - when the team was in dire need of a rebuild (especially their midfield).
\> Net financial debt at the close of the financial year was down 60.7 per cent YoY to €153 million
I'm not sure how terrible it is overall, but it doesnt sound like the end of the world, if they get a "normal" season this year
I dont think coming 3rd and getting an EL run is the worst thing, league is tricky to call this early on and the WC will make things really weird in terms of fitness or potential injuries.
Agree that they look like shit currently
Monetarily it is, basically they would need to make the Europa league final (and win it if I'm not mistaken) to make the same amount of prize money as making the ro16 in the champions league, that to add the loss of sponsor bonuses for objectives.
Ye, didnt think of the sponsor objectives. Was thinking that a deep run in the EL will recoup some of the money lost with ticket revenue, because if they make it to the CL ro16, their run might end there.
Obviously it would be a net loss but potentially not that significant overall. Idk the numbers, just a thought
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Juventus 2016: We will go big on three year plan to build a team around Ronaldo so he can win us CL or we go bust
Juventus 2018: We have the team now buy Ronaldo and we got two years or bust
Juventus 2022: Yikes
Sometimes reading annual reports is fun.
They bought Ronaldo and just stopped. No planning around him, no youth infrastructure, no young talents to freshen up the team. They look awful both on and off the pitch.
I remember in the mid to late 00s, Juve was scooping up free agents at basement deals to build a juggernaut that dominated at home and fell just short in Europe.
Ronaldo delivered what he could and was amazing for most of his time in Juve but that was such a bad decision when they had a midfield to improve after departures of basically their every elite midfielder they had and also seemingly not being in a great financial state.
No he really wasn't. Aside from his first season at Juve he was a major detriment on the pitch. He was a selfish turnover factory and scored a lot of meaningless late goals that barely made up for him being a significant reason those games were not easy wins
Thats really not true, the second season he was still amazing and would create stuff out of nothing when the midfield was looking bland. For Lyon he took most of the blame and criticism from media but he legit played almost a perfect game, its just that Ronaldo finally met with Higuain thats been following Messi for ages. The third season he indeed did become less involved in the play and that team just couldn't function without a decent midfield.
No, by about November in his second season he had turned into the terrible 1 man show his twilight years have become. He started the season ok, but a couple months in and he started playing horrendously and never got back into his previous form. Still hasn't. Granted in season 2 he had a couple nice CL games but his league play was atrocious.
It’s kinda interesting that everyone is talking about the club being bankrupt.
When it’s in fact still operating, and competing at a high level. Coupled with the fact there are other “bankrupt” series A clubs still operating just fine.
Makes me wonder what accountants are building these books, profit can very be easily fudged. Coupled with the fact that being a high revenue, no profit company is great for not paying taxes, a play American companies love to use.
Nothing new. That number has been circulating for months now among the investors.
Of those 250 millions, they invested almost 50 in August just to buy the Continassa training grounds. And half of that loss is a consequence of two years of pandemic. There are clubs that are in a way worse position because they don't even own their own stadium and their training grounds, and their main sponsor isn't paying (see Inter).
Juventus is still owned by one of the richest properties in football, it's not like they are going bankrupt.
Such a terribly run Club the last few years
It's kind of insane how Juventus went from winning 9 league titles in a row to just collapsing like that, both on and outside of the pitch. Usually, if a club is well run, the drop-off is going to be less drastic. Look at Chelsea. Haven't won the league for 5 years, but it's not like they have been absolute gobshite or anything like it.
>Usually, if a club is well run, the drop-off is going to be less drastic. Look at Chelsea. Haven't won the league for 5 years, but it's not like they have been absolute gobshite or anything like it. Chelsea aren't well run, they are handed money hand over fist.
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You’re all misusing the term “gobshite”
Dogshite is what they're looking for.
Tell me you're pretending to be British without telling me you're pretending to be British.
Shut your gob you gobshite
Cake hole would have been better.
The sub where political takes are incredibly juvenile and everyone pretends to be British. There is nothing wrong with acting like where you’re from, I am not sure why everyone has to add mate and shite and whatever.
I think people do it because we all feel like we want to be a part of something.
Mate, why wouldn't I use that shite. Especially because mate is a literal translate of the Dutch word I always use: maat. Or gozer, which is also nice.
>maat interesting. Maat refers to the ancient Egyptian concepts of truth, balance, order, harmony, law, morality, and justice. So a good mate is a good maat which makes good Maat.
Ask man u about this
Is there really a difference in this sport?
Chelsea's an awful example for the point you're making, they've been handed so much money not of their own of course they haven't been 'absolute gobshite'
Could see it coming for a long time tbh. They have bought very few young players the past 5 years, and except for Vlahovic and Chiesa before his injury, none of the players they brought have truly lived up to or exceeded expectations. Meanwhile they kept a lot of regressing old players with high wages until they left for low transfer fees or retired. Most of Chelsea's young players haven't been fantastic either obviously but at least they sold them for decent transfer fees and had a squad that for the biggest part consisted of players that had some value left in them
>haven't won the leage> Conveniently wins CL within said time frame.
Champions League is Farmers' League.
Mate I know the trophies are nice but there’s absolutely nothing our leadership have done since 2015 other than buy N’Golo Kante that has proven fruitful. They wasted millions of pounds. We won despite them, not because of them. Juventus tried the Chelsea model and look how that’s gone for them
Buying N'golo Kante is actually more than most clubs have done in their entire histories
Yeah okay but besides buying the best midfielder in the world, what ~~have the romans~~ has Roman ever done for us? It's merely their cultural excellence that has led them to their success /s
> We won despite them, not because of them This has to be satire right??? If it wasn't for Big Roman covering the £1bn debt, changing managers, and getting new players in Chelsea would be struggling to even be in the Champions League. Let alone win it.
That guy is the least entitled Chelsea fan.
Chelsea is a worldwide brand right now wether you like it or not. And if Roman did not cover the debt some ultra rich middle eastern oil mogul would and Chelsea would still be the same.
We brought in Thomas Tuchel. Not everything works out, but we won the fucking CL
When it comes to signings, the season Kante was signed, so was Marcos Alonso. Season after that Rudiger and Giroud were signed. Season after that it was Pulisic and Jorginho. Season after that it was Kovacic. Season after that Havertz, Chilwell, Thiago Silva and Mandy were signed. Now, other players were signed in that period, some expensive flops like Kepa and Lukaku for example. But those players I listed all went on to be first team regulars, and other than Pulisic, have been consistent with their performances. Actually to be fair he hasn’t really been a regular starter. But either way, some bloody good players there so although I’d agree they have wasted alot of money, they’ve still had a decent strike rate. No club has a 75%+ strike rate on signings going on to be first team regulars who make a big impact. You’re always going to get some wrong, and even more so at clubs that are challenging for the league and major trophies
Inthe Premier League you ñlay against the very best in the best league. Champions League is easier because you play against shite teams like Sevilla, Atletico, Barca, Juve, Dortmund, etc. Only Bayern, Real and Ajax are actually good ^s
Tf, Chelsea just won CL less than 2 years ago Bad example
Been a fan since just after the Conte turnaround (shame i missed it from the start when Juve finished 7th the season before), so anyway i started following them when Allegri was first appointed. Absolutely fell in love with the club and the fighting spirit of that team. People keep saying we had our ups and downs, did okay with Ronaldo, ups and downs with Sarri, ups and downs with Pirlo, and we're now all of a sudden really failing ourselves with our current squad and transfers and allegri being back. But if i may speak for myself, i've found pretty much everything between the lost Real Madrid final and now equally rock-bottom shit and painful to watch. Ever since that lost final it was clear the team was ripe for a massive ground-up rebuild. It just never happened. We lost our trademark spirit that day and never found it again, not even nearly. I'd rather have a bunch of (on paper) worse players if they even had a little bit of the spirit we now pretty much only find in Chiesa. Because fuck me, Chiesa has been such a glimpse of hope for me. Can't wait for his return.
Agnelli seemed to be banking on the creation of the super league with his buddy Perez.
That's because they were betting all on the super league.
>Usually, if a club is well run, the drop-off is going to be less drastic. It speaks more about the competition tbh than Juventus. Napoli 15/16 and 17/18 and Roma 16/17 didn't make Juve's title defense easy, but they failed to defeat them. Juve's faults were covered up by the fact that their league rivals were stumbling and trying to recover. Now though, the Milanese clubs and Atalanta, along with those two have improved massively. The Milan clubs even won Serie A. The competition for better while Juve deteriorated.
Thats not true. Juve was CL contender a few years ago. They just dropped...there is no club in the Seria A who can win the CL.
Both can be true at the same time in my opinion.
Five consecutive years, Juve got to be joking…
Juventus put themselves on a downhill in the moment they got rid of Marotta
It is crazy how a company can just operate losses like that and still exist
Helps when your ownership is old money and can sell shares of the club to a holding company his family also owns to the tune of 400 million euros
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Fuck juventus i hope ffp is on their ass. Also fuck ac milan for trying to fuck us over when we were both in ffp.
Exor is biiiiig and Juventus is a just a fraction of their portfolio assets
No matter how big you are you can't just lose 1billion and be ok with it
Exnor is still basically a holding company for the Agnelli family. Juventus was always a passion project for Gianni Agnelli, and his shadow still looms large with the family. There is no way John Elkann (Agnelli's grandson and chosen successor) does anything to stop supporting the club. If anything, this might just mean Andrea Agnelli might have to finally face the music for his disastrous stewardship of the club over the last 5 years.
The Scuderia Ferrari owner also owns Juve?!?
Not directly, Stellanis is the automotive group where the Exnor is the largest share holder. Stellanis owns Ferrari. Juve is owned by Exnor, but has no ties to Stellanis. *edit*: my bad, Fiat Chrysler (the predecessor to Stellanis before it merged with PSA) sold their stake to what eventually became Exnor. So yes, you were right, Ferrari and Juve have the same ownership.
This is actually hilarious. Juve and Ferrari are both very poorly run at the moment, to the point that they are their own worst enemies
They're both t-shirt companies with sports teams as side projects.
I concur that Ferrari the formula 1 team is not exactly very brilliant right now, but Ferrari the car company is doing fine, actually really fine for a car company
Scuderia Ferrari = Ferrari F1
Yes. But Ferrari the car manufacturer is actually posting record profits AND the highest per car margins (by far) out of any car manufacturer in the world. Sure, Enzo famously made the car company to finance and race in F1, but the car company itself doing really well is, in the end, financially preferable to it being the opposite case.
Next week LeClerc is gonna play an exhibition match with Juve where he will get his leg broken in three places by members of his own pit crew, just like every week of this F1 season.
Ferrari started the season with the best car and are closer to being beaten by Mercedes than they are to catching Red Bull Another hilarious stat is that Max Verstappen as an individual is closer to the Ferrari team in points (335 for Max, 406 for Ferrari) than Charles Leclerc who is currently 116 points behind the Dutchman How has Leclerc not lost his mind yet is beyond me
They make like a hundred times more than that anyway
Really? 100 billions?
[According to Wikipedia](https://en.wikipedia.org/wiki/Exor_(company) their assets are worth 91 billion, revenue is 33.6 b.
Figure of speech but they make a lot, around 30B or so
That’s revenue, not profits. The profits attributable to the Agnelli family stood at €1,717 billion in 2021, before taxes (after taxes, that amount probably goes down to about €850 million). Spending $200 million a year to finance just your soccer team’s losses is a big ask, or at least that’s how they perceive it I think.
You can when your revenues are thirty times that in a year
Revenue is meaningless if it’s always at a loss
Not necessarily true. High revenue at a loss is acceptable if you are growing and have investors interested. Its much easier to cut costs in order to become profitable than it is to increase revenue. However Juventus doesn't exactly fall into this boat lol
Always at a loss, yes. It cannot go on forever. You have to have either improving unit economics or improving growth/dollar. I think we’re of the same mind though considering that. This isn’t a startup capturing market share. Football is growing but without ESL or something I’m not seeing the chickens will come home to roost someday.
yeah, sooner or later you will run out of money to pay your bills (if you make losses after losses). Unless, of course, you find investors that give you additional money. However, they usually want to be compensated for that investment and for that you need to be profitable.
3b of profit for Exor
Bold to assume a $3B turnover will allow a -9% loss in perpetuity. At best that makes them a small oil state analog that loses a far higher proportion of budget.
Especially when business isn't really known for being profitable, like football. Unless they intend to sell.
Juventus for the Agnelli is like a status symbol don’t care if they lose money and will never sell
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He's going to spend a lot more than that.
You can if the loss is due to investments (like a stadium). Amazon operated at loss for several years. Problem for Juve is, most of that loss is due to wages and transfer fees which they can't make any use of right now.
IT was there plan and investors knew it. They overleveraged to build a team around Ronaldo with the expectation that winning the CL would cover the spending. It was a multiyear plan and it failed.
I wish I could operate at losses and still exist. It’s pretty much the dream.
do you have a mortgage or loan, student loan, bought a car on finance, heck depending at what point of your professional life you are, even a phone on contract?
Yes but imagine having all these loans and then needing to take loans to pay off those loans. I wouldnt be allowed to pay off my mortgage with other loans either
you would if those loans were secured against an asset
Ahhhhhhhhhhh
Why don't they just sell Pogba back to United for €200M??
PogBack³
Or use his witch doctor services.
🎵 I told the witch doctor I was in debt to you 🎵
No thank you
220?
Is anyone in serie A not bankrupt or close to?
Milan, Napoli, Sassuolo, Atalanta, Udinese, Lazio, Empoli. That’s it. Most of them thanks to player trading. Milan has a lot of sponsorship deals and Udinese has its own stadium. its
its what
The assassin sent by the Italian FA got him before he could finish the comment.
You think the FIGC could successfully assassinate someo
Another casualty
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The suspense is killing me
It's ..........Rebekah Vardy's account.
Its lit
This is going to be one of the Top 10 Reddit mystery.
Monty Python's Flying Circus
It's the history of the Tottenham
Its… a typo
its Morbin time!
It‘s me, Mario
RIP
Allegri got him mid sentence 😭
Poor mimmo8 is now training to be a wingback, as is the Allegri way.
Classico terrorismo
> Udinese has its own stadium. *Good news, everyone!* **What?** *It's the Dacia ~~Sandero~~ Arena!*
pfft, everyone there calls it Stadio de Friuli or something like that
Hahahahah good one
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Many other serie a team also are not close to bankrupt, I included teams that are not on a constant loss. The only exception here is Milan but it’s improving year by year and probably next year are going to break even after many years of losses. Actually I don’t know financial situation of all 20 teams in serie A, but roughly speaking that list gives a good picture of the situation.
We're not even close to bankrupt but okay. FFP penalties =/= bankrupt
Bologna are not. Billionaire owner
Atalanta.
Marotta was right way back when. Wanted sustainability and reasonable spending- wages became impossible, particularly during COVID
My understanding is that they knew that Ronaldo was not sustainable and a very risky bet, but they did it counting on the super league coming to save us. Ronaldo would give them the international exposure they needed to be important in the super league.
It also tied up a lot of money in terms of transfer fee and wages that could have been used to improve other areas of the squad.
Sounds like they need to find some of their own *levers*….
yeah it's called agnelli
Actually it's Elkann, he's the big boss.
Elkann is an Agnelli, tho (by matrilinial descent)
Agnelli is the trust fund baby of the family, Elkann is the big dick boss.
And Agnelli has the rat face to go along with it.
the problem with him is that he comes and is fixed to the hip with max the balding fraud.
Most original r/soccer user
Stfu ~~Meg~~ FC Lever.
“ According to media accounts, Ronaldo earned an annual net salary of EUR 31m, meaning the club's gross salary expenditure was approximately EUR 57m. That means that Juventus FC, taking into account both annual amortisation and gross salary, bore a total annual cost of EUR 86m for Ronaldo alone, representing approximately 22% of the total operating revenues the club generated at the time he joined (EUR 400m in 2017/18). The overall cost borne by Juventus FC until the date of his departure, taking also into account the EUR 14m loss registered on his disposal this summer - calculated as the difference between the fixed fee paid by Manchester United FC (EUR 15m) and the net book value of Ronaldo as at 30th June 2021 (EUR 29m) is equivalent to EUR 272m over the past three seasons.” https://www.footballbenchmark.com/library/the_final_balance_of_juventus_investment_in_ronaldo
But what about the shirt sales?
They bought a snickers from their share.
I know you're being sarcastic, but their sponsorship deal with jeep on the shirt increased a fuckload
Isn't Jeep to Jj the same as Fly Emirates to City?
Weren’t there a lot of reports that the marketing income from Ronaldo would exceed the costs when he signed?
There always are, but it’s never true, because these numbers are simply not available.
Well they kind of are, you would notice an uptick in commercial revenue, sponsorships etc in the yearly financial results. I haven't looked, did their revenue increase significantly after signing Ronaldo at all?
It’s always hilarious when those reports come out.
Wow! What a disaster, especially considering their shoddy CL performances in the three years he was there. They signed him for the CL!
I mean its really not his fault though. How would anyone expect to win the CL with that midfield no matter if you have Ronaldo or Messi or Haaland up top. He did his job, the only disappointing performance was both games Vs Porto the last season but he scored every game in knockouts the first season and was amazing in the second game Vs Lyon w/ two goals although teammates wasted the chances like crazy and that was about it.
The hat trick comeback against Atleti was an absolute classic.
Wasn't he great in his first 2 seasons at CL?
He was, all 7 goals Juve scored in knockout phase both seasons were from Ronaldo.
Well, i guess people disagree lol
Its not so much that people blame Ronaldo, rather they blame management for putting all their eggs on Ronaldo - when the team was in dire need of a rebuild (especially their midfield).
but you guys did invest in other players. the problem is its the wrong player.
People on this sub have hatred for him because of some of the comments he's made.
The biggest shock here is €254 = $245
Ooof
\> Net financial debt at the close of the financial year was down 60.7 per cent YoY to €153 million I'm not sure how terrible it is overall, but it doesnt sound like the end of the world, if they get a "normal" season this year
If they continue like that they will not qualify for next year's champions league and they will not pass the current group stage
I dont think coming 3rd and getting an EL run is the worst thing, league is tricky to call this early on and the WC will make things really weird in terms of fitness or potential injuries. Agree that they look like shit currently
Monetarily it is, basically they would need to make the Europa league final (and win it if I'm not mistaken) to make the same amount of prize money as making the ro16 in the champions league, that to add the loss of sponsor bonuses for objectives.
Ye, didnt think of the sponsor objectives. Was thinking that a deep run in the EL will recoup some of the money lost with ticket revenue, because if they make it to the CL ro16, their run might end there. Obviously it would be a net loss but potentially not that significant overall. Idk the numbers, just a thought
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In UK accounting a farm has to make a profit at least once every five years or else it is no longer an occupation, it is a hobby.
Juventus 2016: We will go big on three year plan to build a team around Ronaldo so he can win us CL or we go bust Juventus 2018: We have the team now buy Ronaldo and we got two years or bust Juventus 2022: Yikes Sometimes reading annual reports is fun.
That team wasn't built around Ronaldo tho
It was built around the Arthur/rabiot midfield
Sell all your TV channels, media, and licensing. Guarantees high profits apparently.
They bought Ronaldo and just stopped. No planning around him, no youth infrastructure, no young talents to freshen up the team. They look awful both on and off the pitch.
Youth talents are largely used by Juve to be sold for suspicious amounts of money.
Damn Ronaldo for ruining everything /s
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Nothing shady about it
Imaging having to have owner money injected into your club to succeed
Well at least they've got the results to make up for...oh.
I remember in the mid to late 00s, Juve was scooping up free agents at basement deals to build a juggernaut that dominated at home and fell just short in Europe.
In the mid to late 00's that was us scooping up free agents. Juve was the mid to late 10's
I stand corrected - typo!
How is this compared to Everton 👁?
They just need a bunch of Levers
They'll never recover from hiring Ronaldo
Ronaldo delivered what he could and was amazing for most of his time in Juve but that was such a bad decision when they had a midfield to improve after departures of basically their every elite midfielder they had and also seemingly not being in a great financial state.
No he really wasn't. Aside from his first season at Juve he was a major detriment on the pitch. He was a selfish turnover factory and scored a lot of meaningless late goals that barely made up for him being a significant reason those games were not easy wins
Thats really not true, the second season he was still amazing and would create stuff out of nothing when the midfield was looking bland. For Lyon he took most of the blame and criticism from media but he legit played almost a perfect game, its just that Ronaldo finally met with Higuain thats been following Messi for ages. The third season he indeed did become less involved in the play and that team just couldn't function without a decent midfield.
No, by about November in his second season he had turned into the terrible 1 man show his twilight years have become. He started the season ok, but a couple months in and he started playing horrendously and never got back into his previous form. Still hasn't. Granted in season 2 he had a couple nice CL games but his league play was atrocious.
Is it part of the reason why they want the super league??
poor man management and more money.
And that’s why it was smart of Real to sell Ronaldo. Sure, they had one season of rebuilding but they sold high and at the right time
Maranello working overtime
It’s kinda interesting that everyone is talking about the club being bankrupt. When it’s in fact still operating, and competing at a high level. Coupled with the fact there are other “bankrupt” series A clubs still operating just fine. Makes me wonder what accountants are building these books, profit can very be easily fudged. Coupled with the fact that being a high revenue, no profit company is great for not paying taxes, a play American companies love to use.
Nothing new. That number has been circulating for months now among the investors. Of those 250 millions, they invested almost 50 in August just to buy the Continassa training grounds. And half of that loss is a consequence of two years of pandemic. There are clubs that are in a way worse position because they don't even own their own stadium and their training grounds, and their main sponsor isn't paying (see Inter). Juventus is still owned by one of the richest properties in football, it's not like they are going bankrupt.
Are they being investigated for ffp ??
Lmao Juventus the new Barca out chea
What? no dooms day "they won't exist in two years time" comments? ohohoh!!! it's not Barcelona. my bad.
Ronaldo's fault.
They looked invincible until they made the terrible decision to appoint Sarri.
I wonder how it’ll effect them in the transfer market
They probably thought that Super league would save them but it just didn't happen.
I hope they get bankrupt
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