September 22 – Italian champions Juventus have reported a second year of operating profits, and that doesn’t include the bumper bonus of the €120 million sale of Paul Pogba to Manchester United which will be included in next year’s figures.
Juve reported a profit of €4.1 million in the financial year that ended on June 30 2016, up by €1.8 million on the previous year.
A statement on the Juve website said: “The financial year 2015/2016 confirmed the improving trend seen in recent years; for the second consecutive year, the management closed with a balance-sheet profit.”
The club’s the club’s net financial debt grew over €10 million to €199.4 million when interest on loans was factored in. The debt relates to the reconstruction of the Juventus Stadium that was completed two seasons ago. The benefits of control of their new and modernised stadium are the key contributing factors to the club’s improved financial performance.
On the field success also contributes to financial performances. Juve won a fifth successive Serie A title last season, as well as the Coppa Italia. The Champions League campaign was ended in the round of 16 by Bayern Munich, still a significant revenue contribution but the club will be hoping for an improvement on that this season.
UEFA’s new qualification rules for the Champions League from next season which will see the top four teams from the UEFA’s biggest four leagues automatically qualify for the group stages, will take away some of the financial risk of not qualifying for big money stages of that competition. Though Juve’s qualification to date has rarely been an issue.
The financial results will now go forward for approval to the club’s annual general meeting.
Not content to sit on these improving numbers, the club said progress is being made in the planning of new HQ and training facilities, “which will be located on an area of land located adjacent to the Juventus Stadium…The company’s goal is to consolidate the substantial equilibrium of operating profit achieved in the past two years.”
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