Juve, revenues down to 570 million: Exor sees 2021 in red.

Juventus 2020 revenues.

Juventus' revenues for the 2019/2020 financial year should have increased to 570,3 million euro’s. Exercise that the club chaired by Andrea Agnelli will close with a loss of around 69 million euro’s.

This is what emerges by adding the data relating to the club's revenue for the semester January-June 2020, published in the half-year of Exor, with those of the first semester of Juventus (July-December 2019).

In fact, the half-yearly report of the Agnelli / Elkann family holding company indicates that in the period January-June 2020 Juventus' revenues (including capital gains and other player management revenues) is 248 million euro’s, down by 43 million compared to the same period in 2019.

A drop mainly due to the negative effects of the lockdown linked to the Covid-19 pandemic.

Revenues for the period July-December 2019 were instead equal to 322,3 million (330,2 million in the same period of 2018).

Juventus 2020 revenues down by 50,9 million on 2019.

Overall, therefore, Juventus' turnover in the 2019/2020 season should be 570,3 million, down by 50,9 million compared to 621,2 million in the 2018/2019 financial year.

More specifically, revenues net of the result from players' management (including capital gains) should be 410,3 million in 2019/2020, down by 53,7 million compared to the 464 million of 2018/2019.

The decrease in revenues should be accompanied, again on the basis of the indications contained in the Exor half-year report, by a reduction in operating costs (therefore excluding depreciation, write-downs, provisions and financial charges) of approximately 45 million euros compared to the 2018/2019 financial year.

In the half-year January-June 2020, Juventus recorded lower costs for registered personnel for 72 million, which offset the increase of 30 million recorded by this cost item in the half-year July-December 2019.

The cost reduction recorded in the 2019/2020 financial year, however, does not seem to have been sufficient to contain the budget reductions.

Amortization of players' registration rights, as stated in the Exor half-year report, increased by 10 million only in the period January-June 2020, while in the period July-December 2019 this item had recorded an increase of 11,3 million.

Juventus 2020 Revenues - Exor's outlook for 2021.

"With the global health crisis in constant evolution", reads the Exor half-year report referring to Juventus, "the competition calendar could undergo changes and there is still uncertainty about the possibility of admitting spectators to stadiums during matches".

"Furthermore, the effects of the pandemic could extend to the economic sectors in which Juventus partners operate, with possible negative repercussions on relations with these partners.”

"Even at the level of final consumer demand, the impact of the pandemic on the national and global economy could be negative for Juventus' consumer companies. Finally, as regards the players' registration rights market, it is likely that there will be reductions in both the number of transactions and the relative transaction values ​​although, due to the particular nature of the sector, estimating the effect is very difficult".

"Consequently," the Exor administrators conclude, "these uncertainties, combined with the usual uncertainty of sporting results, make it extremely difficult to formulate a forecast on Juventus' economic and financial performance. At present, the year should close with a loss".


By Calcio Finanza

Original article: https://www.calcioefinanza.it/2020/09/04/ricavi-juventus-2020-conti-exor/

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