The sale of Cristiano Ronaldo was inevitable, but at the same time it is precisely the devaluation of the Portuguese ace, who moved to Manchester United, to weigh on Juventus' accounts. The Juventus club has closed another loss-making budget: the 2020-21 financial year in fact presents a 210 million red loss, more than doubling the previous year's figure when losses were just under 90 million euros. Also due to Covid, which as is known has decimated the entire football system, materializing as regards Juventus in nearly 93 million in lost revenue, net financial debt rose to 389 million. Operating costs increased by 35,2 million, while the group's shareholders' equity decreased to 28,4 million.
A very little comforting balance sheet, even in perspective. It is true that the club chaired by Andrea Agnelli he got rid of the burden of signing Cr7, but it is also true that for a year now even the sporting results, after 9 consecutive championships, have slowed down, which until recently had all the appearance of being temporary, but the first days of the championship instead demonstrated that Juventus is still in difficulty, in the wake of the disappointing last season, is that it is not so obvious that they can return to establish themselves in Italy and in Europe. A more energetic incoming market would have been needed, but as demonstrated by the budget approved by the Board of Directors, the money was not there and apparently there will not be for some time yet: the management of the Juventus team has signaled that even the 2021/2022 financial year is expected to be in significant loss.
On the other hand, as a result of the cost rationalization and revenue recovery actions set up in the year just ended and effective in the medium term, the company's economic performance is instead expected significantly improving from the 2022/2023 financial year. The management then specified that the net loss will be covered by using the share premium reserve. The stock on the FC Juventus stock market was stable after the accounts were announced, gaining 0,2% towards the end of the session to 0,72 euros per share.
