Juventus, balance sheet in the deep red. “Requirement of 148 million”
There Juventus she is not only struggling on the pitch, especially in the league, where due to a complicated start to the season she is now forced to chase Milan and Napoli, who have won almost all of them so far. But the Juventus club has an even bigger problem on a financial level. The explanatory note to the board of directors’ report on the company financial statements leaves little room for interpretation. “It should be noted – reads the note published by the club – that” the total net financial requirement of the Group for the twelve months following the date of the Shareholders’ Meeting (October 29, 2021), determined also including non-financial payables and without taking into account proceeds from the Capital Increase, is estimated at approximately Euro 148 million “.
“The net proceeds – continues the note – will be used in the case” to reduce the financial debt, thus strengthening the Group’s equity and financial structure, to repay debts and finance commitments already undertaken. the maintenance of the sporting competitiveness of the First Team on a national and European level. In the event of non-subscription, Juventus highlights among the risks the unavailability of assets capable of covering future losses and that of compromising the business continuity of the group “.
#Juventus #balance #sheet #deep #red #requirement #million