Juventus held a crucial Shareholders’ Assembly at the Allianz Stadium today, approving the 2023-24 financial statement which shows significant losses but marks the end of an economic crisis that began pre-COVID. The club also announced various future strategies.
President Massimo Ferrero opened the assembly by highlighting Juventus’ extensive operations, including 22 teams, 650 athletes, and 75 academies worldwide. He emphasized the club’s strong social media presence and involvement in social initiatives.
CEO Maurizio Scanavino reported revenues of €395 million, operating costs of €400 million, and a negative result of about €200 million. He noted that missing Champions League participation and non-recurring charges impacted revenues by approximately €130 million. However, he expressed optimism about future projections.
Regarding sponsorships, Scanavino mentioned ongoing negotiations with several international brands for the main jersey sponsor, expecting to reach an agreement by the end of the season.
On the Cristiano Ronaldo case, Ferrero assured that the player has been paid 50% of his claim, with no need for a risk fund.
The assembly also confirmed Juventus’ withdrawal from the Super League project, with Ferrero stating their position as definitive.
Giorgio Chiellini’s return to the club in a managerial capacity was announced, focusing on institutional relations and football policies at national and international levels.
The meeting covered various topics including financial statements, renewal of the Board of Statutory Auditors, approval of compensation plans, and authorization for the purchase and disposal of treasury shares.
