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18.12.2020 » Juventus increases its debt by 250 million euros. Ronaldo is in danger

Ronaldo upset with his future in Juventus

Is Ronaldo's journey in Italy coming close to an end? As the Portuguese superstar prepares to celebrate his 36th birthday in less than 2 months from now, is this the right time for Juventus to push CR7 out of the club?

Juventus managed to escape the worst of the pandemic, however, the damages are going to last for a while and according to reports, there's a financial hole of around 200 million euros in its balance sheets for the next two years. In 2021, the Bianconeri will be in a delicate position due to inconceivable debts. In most countries, fans are still not allowed to pack stadiums to their full capacity and watch a football match like in the old days. The alternative for those who just can't miss watching the games from their favorite teams is to watch them on TV and bet online to boost the adrenaline. Is dismissing Cristiano Ronaldo the only solution for Juventus right now?

Cristiano Ronaldo - American dream:

2020 - A very unusual year

In the balance sheet conclusions, it becomes clear that the club expects a big loss for the financial year 2020-2021. Last October, Intesa Sanpaolo bank in Turin made a study on the city's top team's finances.

According to experts, the damage will increase further and reach 112,9 million euros in the 2020-2021 season, since revenues will be reduced to 511,7 millions euros (from 602 million euros estimated before the pandemic).

At the beginning of January 2020, before the COVID-19 even became an epidemic, the club's share capital increase was completed, which filled the funds with nearly 298 million euros. AMK had started in February 2019 with a horizon of 5 years; however, it was covered within 100 months to 100%. In fact, during the pandemic's financial year, Juventus managed to improve its debt by an amount of 78,3 million euros, much of which is due to AMK. As of June 30, 2020, the company's share capital amounted to 239,2 million euros, a multiple of the 31,2 million euros from June 30, 2019.

With this financial support, Juventus will be able to face the 'hole' that will appear in the balance sheet of 2020-2021. In fact, in the same study, it is estimated that the balance sheet of 2021-2022 will be loss-making by only 4 million euros and Juventus will have managed to absorb the pandemic's economic effects to the perfect timing of the AMK.

The reality lies in the debts

The year-to-year picture may leave room for smiles, but the same can't be said about Juventus's total debt. The last balance sheet decreased from 463,5 million euros to 385,2 million euros, and before the pandemic, there was a forecast that it would reach 183,1 million euros in 2020-2021.

The situation is very delicated. According to the banking organization, Juventus's net debt in the summer of 2021 will be around 432,9 million euros, so the club will return to the levels it was before this huge inflow of money into their coffers this year.

According to pre-COVID-19 data, Juventus' revenue was set to reach a record of a 624,5 million euros and the company's liabilities would have been reduced to 124 million euros. The economic data considering the pandemic does not change the estimated income since it is estimated that there will be an operational vaccine. We shouldn't be far from the day when fans are allowed to return to stadiums without restrictions, but the debts will still amount to 381,6 million euros.

Cristiano Ronaldo free-kick stance in Juventus

Ronaldo gives the solution

With the current data and assuming there will be no major events with significant impact on the club's finances, may that be the signing of a truly expensive player that would skyrocket the club's transfer costs, or a huge sale that would bring more revenue to the Vecchia Signora, then Juventus will certainly find themselves in the same position in the summer 2022 as they are now.

With the way things evolve in football these days, most of the top clubs across Europe are adapting and learning how to turn things around. This isn't an exclusive problem of Juventus, as the pandemic has hit everyone and each club is making its own path to embrace a serious recovery plan. In Juventus' case, that may include selling their best player, Cristiano Ronaldo.

Ronaldo is paid 30 million euros net a year, which costs Juventus 64 million euros when taxes are added. The former Real Madrid forward costed nearly 116 million euros when he was signed in the summer of 2018 and this means that its value in the company's books until the summer of 2022, when his contract expires, amounts to 57,9 million euros (the acquisition cost of each player is converted into his book value and is divided equally in each financial year, depending on the years of his contract).

If Juventus sells Ronaldo in the summer of 2021, then it will save the 64 million euros in salaries for the 2021-2022 season (with the salary cost in 2019-2020 amounting to 259,2 million euros, Ronaldo represents more than 20% of the total). On top of that, there's also the transfer fee involved in a deal taking Ronaldo to a different club. On the downside, Juventus will lose 28,9 million euros concerning the player's book value for that season (thus reducing the value of the company assets), plus some advertising revenue associated with the Portuguese superstar's presence on the team.

From a strictly financial point of view, the best move Juventus could make would be to seell Ronaldo as soon as possible. His potential transfer value will decrease week after week until his contract runs out. However, selling Ronaldo could lead to a huge negative impact on the field, since the 35-year-old striker has been the team's top scorer since he landed in Turin.

Ronaldo's final chapters in Turin are inevitably approaching as he's not getting younger by the day and his contract will expire soon. There have never been any renewal plans that would drastically change the discussion about his future either. Hence, the scenarios seem entirely realistic, and they all point to Juventus offering (officially and unofficially) Ronaldo a way out soon, to teams like PSG and Manchester United.

Cristiano Ronaldo new hairstyle in Juventus

Cristiano Ronaldo next game for Juventus in the Serie A is on December 19, against Parma. You can watch Parma vs Juventus, Crystal Palace vs Liverpool, Barcelona vs Valencia, Southampton vs Manchester City, Everton vs Arsenal, and Union Berlin vs Borussia Dortmund, all matches provided from our streaming soccer game pages.

Juventus next game:
Parma vs Juventus
kick-off time (19-12-2020):

Beijing (China) | UTC/GMT+7: 02:45
| UTC/GMT+6: 01:45
India (New Delhi) |
UTC/GMT+4.30: 00:15
Italy (Turin) |
UTC/GMT+1: 20:45
(Madrid) | UTC/GMT+1: 20:45
Portugal and England (Lisbon/London) | UTC/GMT+0: 19:45
Rio de Janeiro (Brazil) | UTC/GMT-4: 15:45
New York (United States) | UTC/GMT-5: 14:45
Los Angeles (United States) | UTC/GMT-8: 11:45

Sources: / / /

Cristiano Ronaldo heads down in Juve

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