Juventus warned their investors that there will be no more fresh capital coming into the club until 2025, so they must start to live within their own means.
The announcement came during the shareholder’s meeting on January 18 and Calcio e Finanza went through the minutes of the meeting to find the relevant details.
A statement from the Juventus representatives made clear that “in any case, the three-year plan for 2022/23 and 2024/25 that was approved by the club in June 2022 does not plan for any increases in capital.”
It is a change from the recent approach to their finances, which saw the capital boosted by €300m in 2019 and again by a further €400m at the end of 2021.
The Bianconeri have removed the entire Board of Directors and now Exor chief John Elkann is taking a stronger role in steering the club towards more financial self-sufficiency.
That is even more important with their sporting future in the balance, having been docked 15 points for artificially inflating transfer fees to boost capital gains.
There are potentially more penalties coming, as the trial over the payment of salaries during the pandemic is yet to even begin, and the Corriere dello Sport expect the FIGC prosecutor to request at least a 20-point penalty.