Juventus turned over €621.5m last season but recorded a loss of €39.9m as they begin to feel the Cristiano Ronaldo effect.
Juve released their financial statements for the year ending June 30, 2019 on Friday.
They posted revenues of €621.5m – €116.8m more than the previous year – but also losses of €39.9m – an increase of €20.7m.
The figures confirm the Old Lady’s turnover rose by 23 percent, whereas their losses doubled.
Juventus turned over €621.5m last season but recorded a loss of €39.9m as they begin to feel the Cristiano Ronaldo effect.
Juve released their financial statements for the year ending June 30, 2019 on Friday.
They posted revenues of €621.5m – €116.8m more than the previous year – but also losses of €39.9m – an increase of €20.7m.
The figures confirm the Old Lady’s turnover rose by 23 percent, whereas their losses doubled.
The 2018-19 financial year is the first since Ronaldo’s arrival from Real Madrid 14 months ago.
His €112m transfer was largely accountable for a significant increase in the cost of registered personnel, from €233.3m in 17-18 to €301.3m in 18-19.
That is represented by the Portuguese’s €31m net salary, which works out to around €54.24m in gross terms.
Amortisation additionally rose from €107.9m to €149.4m, with €28.8m of that increase attributed to just Ronaldo.
Calcio e Finanza puts down the total cost of the No 7’s impact on Juve’s finances at €83.1m, just over half (€46.29m) of which is cancelled out by the revenues he has helped attract.
Elsewhere, the Bianconeri’s net financial debt has gone up to €463.5m from €309.8m, but they plan to raise €300m from an increase in share capital.