È always a challenge between Inter and Juventus, even when it comes to balance sheets. As on the field, however, even in this case the victory seems to go to the team coached by Simone Inzaghi. While the Nerazzurri, in fact, they seem to have found a economic stability and a recovery thanks also to the conquest of the second star, the bianconeri continue to sailing in stormy waters, with losses accumulating year after year.
Inter: improving accounts
THEInter closed the financial year on 30 June 2024 with a red of 36 million euros, a sharp drop from the 85 million of the previous season. revenues increased to 473 million euros, with an increase of approximately 48 million, mainly thanks to the sporting success and the increase in commercial turnover. cost management remained stable, with a total expenditure of 464,5 million euros. It is therefore not surprising that the black and blue club recorded its first operating profit since 2018, with a positive EBIT of 9 million euros.
The Role of Oaktree
From May 2024, Oaktree Capital Management has taken over the role of majority shareholder of Inter. This new course was marked by a recapitalization of 47 million euros, of which 44 million were injected directly into the cash register, and 3 million euros were converted from shareholder loans. The operation not only highlights the shareholder's commitment to greater financial stability, but also aims to support the club's sporting performance.
The Shareholders' Meeting will be called at the end of October to approve the financial statements.
New partnerships and forecasts for the future
Inter also has signed important partnerships, like the one with Betsson Sports e Gate.io, which have further enhanced the Nerazzurri brand. These agreements, which represent the largest in the club's history, not only strengthen Inter's financial position, but also demonstrate the club's growing international appeal. With the summer transfer window just concluded, Inter has aimed for a balance between financial sustainability and sporting success, investing in top-level players and consolidating its presence on the global scene.
Juventus: balance sheet in the red for the seventh consecutive year
Unlike Inter, the Juventus prepares to close the 2023/24 budget with a red valued around 200 million euros. This data, based on the information from Exor, the holding company of the Agnelli-Elkann family (which controls 65,4% of the black and white club) marks a worrying increase compared to the 123 million loss of the previous year. Juventus is facing the seventh consecutive budget in the red, with record losses piling up year after year: €123 million in 2022/23, €239,3 million in 2021/22 (the worst figure), €209,9 million in 2020/21, €89,7 million in 2019/20, €39,8 million in 2018/19 and €19,2 million in 2017/18.
Annual revenues drop
THERevenue Analysis of the black and whites reveals that, during the season, they have approximately 421,4 million registered of euros, a decrease compared to the 507 million of the 2022/23 season. Exor's half-year results showed revenues of 231 million in the second half of the year, with a decrease compared to the 190,6 million of the first half. Theabsence of a main sponsor andexclusion from European competitions have contributed to this situation, generating further economic difficulties.
Bianconeri at risk of UEFA sanctions
Juventus is also located in risk of sanctions by UEFA for the failure to comply with the settlement agreement relating to financial fair play. Penalties could range from substantial fines to restrictions on players' enrollment in European competitions, up to potential exclusions. The consequences of this scenario, combined with the need for recapitalizations, place the club in a critical and uncertain position.
The current management has foreseen a return to balanced budget for the 2025-26 financial year, but the current reality makes this prospect almost miraculous. Juventus, in fact, continues to invest massively in the market, as demonstrated by the purchases of Douglas Luiz and Koopmeiners, without however managing to significantly reduce costs.
