Juventus looking for ways to bring in cash

juventu

Juventus are trying to solidify the balance sheets after the mammoth investment for Cristiano Ronaldo and, after the board of directors had approved it yesterday, the club announced the placement of €175M non-convertible bond due on February 19, 2024. The notes will be issued at a 99.434% price and will pay a fixed annual coupon of 3.375% and will be listed in the Global Exchange Market of Euronext Dublin.

Per the official statement, the decision aims at “providing resources for its general corporate purposes, streamlining the structure and the maturity of the debt.” The transaction attracted order in excess of €250M, receiving demands from Asia, Germany, France, UK and Italy.

The 2017/2018 balance sheets closed in the red by €19.2M and with €504.7M income, down from the record €562,7M of the previous season, which however could count on the rich sale of Paul Pogba to Manchester United.

The other and more usual route would be selling some coveted players, but the management opted not to do that this summer and Fabio Paratici’s recent words indicate that they want to keep Paulo Dybala, the piece that would net the highest sum.

However, they have been working on the fringes of the roster and just last week Stefano Sturaro’s loan move to Genoa became a permanent one for €16.5M as the condition to trigger the obligation to buy was simply the team collecting a point. This generated a €12.9M net profit. The Bianconeri also sold Mattia Caldara to Milan for €35M in the Leonardo Bonucci-Gonzalo Higuain deal and Rolando Mandragora to Udinese for €20M, which resulted in a combined €36M net profit, putting them at close to €50M in that regard for the current season.

In January, the officials tweaked the deal with Sampdoria concerning Emil Audero, who will become fully a Blucerchiato in the summer for €20M, as the clause here is to avoid relegation. Alberto Cerri would transfer to Cagliari for €9M if the Sardinians managed to do the same. Andrea Favilli’s €5M loan was recently extended to two-seasons and Genoa will have a €7M conditioned obligation to buy at the end of it.

The cherries on top would have been Fiorentina picking up the €20M option to buy Marko Pjaca, but that is unlikely to happen considering his performances, and Gonzalo Higuain joining Milan in the summer for €36M, but El Pipita’s situation obviously changed with the move to Chelsea, which will have the option to extend the loan for another season for €18M or buy the player for double that amount.

Join the mot popular Fantasy Serie A game here: www.seriea-fantasy.com now!

To leave a comment, you must be logged into www.eurofantasyleague.com