Juventus Exec Details Root of their Financial Problems

Juventus haven’t spent a lot on the transfer market in the past two windows after reshaping their front office by hiring Cristiano Giuntoli. Apical exec Francesco Calvo, who helmed the team along with sporting director Giovanni Manna for a while before the arrival of the Napoli official and has been at the club for years, commented on their financial situation and objectives to Il Sole 24 Ore (via Calcio e Finanza).

“This is pretty much year zero for us after all the earthquakes that hit the club. Our goal is to stabilize the income considering that not playing in the Champions League cost us €100M, plus €15M in the past season given the early elimination. The results we’re obtaining pertaining to the valorization of the youngsters and the appreciation for the Juventus brand on social media make us hopeful for the future. If the sporting performances are positive, our path will be accelerated.”

Calvo stressed that the investments in the Next Gen squad haven’t been reduced even though it was overhauled last summer. Several key players departed to play in Serie B. The pipeline remains key for the management. Youngsters re-pay themselves thanks to their low wages, amortizations, and potential profitable sales in the future.

Juventus have acquired just three first-team players in the last six months: Timothy Weah, Tiago Djaló, and Charles Alcaraz, for a total of nearly €17M. The Argentine joined from Southampton on an initial loan with a very high option to buy.

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