Juventus risks violating Financial Fair Play
According to the well-known RMC Sport media, Juventus are at risk of violating the Financial Fair Play parameters, as their wager-income ratio is 71 percent. The calculations are based on a leaked copy of KPMG’s financial report for the eight major European league champions, indicating that Juventus are the only ones to lose. The report also suggests that “net results for the 2019-20 season will also be negatively reviewed.”
The biggest problem, it is claimed, is the violation of FFP parameters, as clubs have to keep their total wage to income ratio below 70 percent, while Juventus currently stands at 71 percent. None of the other current winners of the major European league titles have reached that level.
Juventus has already taken action, issuing 175 million euros in bonds in February 2019 and recently raising capital by 300 million euros.
Calculations suggest that Juventus revenue has increased dramatically in recent years, 16 percent more than the 2017-18 season, largely due to the arrival of Cristiano Ronaldo and a re-negotiated deal with Adidas.
Some of this may be in changing strategy, as the Bianconeri have a recent tendency to target free players and are therefore able to offer much higher salaries.
It comes a day after the Deloitte Football Money League placed Juventus as the 10th richest club in the world, valued at 459.7 million euros, below Chelsea, Tottenham Hotspur, Liverpool, Manchester City, Paris Saint-Germain, Bayern Munich, Manchester United, Real Madrid and Barcelona’s best team.
The other Italian club are Inter 14th with 364.4 million euros, Roma 16th with 231 million euros and Napoli 20th with 207.4 million euros.