Juventus: 400 million to return to the top
How will the 400 million euros of the capital increase that Juventus has foreseen by the end of 2021 be used? 145 million will be needed to cover the financial needs during the current season and until November 2021, while the remaining 175 will be used to continue the development plan of the club. This is what emerges from the 166 pages of the prospectus filed in view of the start of the capital increase.
That’s why Vlahovic can arrive as early as January
Given the decidedly not exceptional moment that the bianconeri are going through on a technical level, all the fans are looking with great attention to the next transfer market windows, starting from next January. The good news is that the first 145 million will allow the company to unblock the liquidity index and therefore be able to make purchases in full compliance with the rules set by the FIGC. Not surprisingly, the Juventus management is trying to tighten the time for the first goal ever: Fiorentina’s Dusan Vlahovic, valued at around 50 million euros.
Qualifying for the Champions League, a fundamental step
With respect to the development plan, the note specifies that Juve intends to “reverse the income trend at the operating margin level”, passing “from a negative operating result to a positive operating result in the 2023/2024 financial year”. To achieve this goal, qualification for the Champions League is fundamental: “The constant participation in editions of the UEFA Champions League which will be played until the 2023/2024 Sports Season and the systematic dispute of the round of 16 of the UEFA Champions League constitute the most significant assumptions in terms of contribution to the achievement of the operational break-even target envisaged in the 2023/2024 financial year ”, reads the information note, leaving no room for interpretation.
Capital gains survey: a “risk of high significance”
Equally clear is the position of the Juventus club oncapital gains survey who have placed Juve in the sights of Consob and Covisoc: “The Company is subject to an inspection by Consob pursuant to art. 115, paragraph 1, lett. c), of the TUF, regarding the item “Income from players’ rights management” recorded in the financial statements at 30 June 2020 (totaling Euro 172 million) and 30 June 2021 (totaling 43.2 million euros) “. Therefore, Juve correctly communicates that it is exposed “to the risk that Consob adopts unfavorable measures for the Group as a result of the inspection in progress. Consob can initiate an administrative procedure and in the event that it has ascertained that the documents that make up the financial reports do not comply with the rules governing their preparation, it can ask the issuers to make this circumstance public and to arrange for the publication of additional information. necessary to restore correct market information. Should such a circumstance occur at the outcome of any proceeding that was initiated against the Issuer, negative impacts, even significant ones, could occur on the reputation and economic and financial situation of the Issuer and the Group. The occurrence of the events subject to this risk, which is considered to be of medium probability of occurrence, could have a significant negative impact on the economic, equity and financial situation of the Group “. Juve still announces that on 4 October Covisoc requested it “to provide information about any inquiries received by inspection bodies concerning the separate and consolidated financial statements of Juventus and, in particular, the subject of any requests inquiries received in 2021, information on the timing of the hypothesized verification and the elements of evaluation in relation to the facts covered by the aforementioned inquiries. The Company responded to the request for information on 11 October 2021, providing Covisoc with the data and information requested “.
#Juventus #transfer #market #million #budget #Vlahovic #sights #January