‘Ronaldo puts Juventus’ finances in crisis’

A financial scandal hit the Italian giants Juventus at the moment. Transfers called Cristiano Ronaldo be the cause.

Following the scandal, the entire board of directors, including Andrea Agnelli, Pavel Nedved and eight other members, resigned.

In this case, Juve have been investigated for inflating the transfer value in order to make a profit. Investigators reviewed financial reports for 2018, 2019 and 2020.

Juventus’ messy finances are suspected to have happened for a reason, namely Ronaldo’s transfer from Real Madrid in the summer of 2018.

At that time, Juventus had to spend €100 million and pay Ronaldo a salary of €30 million a year. Not to mention that Juventus also signed Matthijs de Ligt from Ajax Amsterdam with a €70m tag.

It is hoped that the presence of the two superstars will allow the Bianconeri to excel in Europe. Unfortunately, profit cannot be earned, bad luck cannot be denied.

Juventus and Ronaldo failed even to win the Champions League and their best result was only the quarter-finals. Coupled with Fabio Paratici’s transfer strategy as director of football not being good enough, the club’s finances were in disarray.

At that time Juventus also had several well-paid players such as De Ligt, Aaron Ramsey, Adrien Rabiot, Gonzalo Higuain and Miralem Pjanic.

“Agnelli wanted to sign Ronaldo because he would have increased the club’s revenue and would have brought Juventus closer to the Champions League,” said the former president. Juventus Giovanni Cobolli Gigli as quoted Football Italy.

“Marotta chose to withdraw because he didn’t agree with the idea. In the end, Ronaldo’s investment proved to be too onerous. Even Fabio Paratici, who was trying to get Ronaldo to come, made investments that unbalanced the finances of the club and created problems.”

“It is no coincidence that they need fresh funds of 700 million euros. They also continue to make mistakes, such as the signing of Maurizio Sarri, then the error during the test of the blue Luis Suarez, and the European Super League project Agnelli’s way of thinking seems to have completely changed».

“Agnelli has always had a vision for the future of Juventus, such as the Superlega, but he has also been mostly negligent in providing information to the board. This should not be done by a club that is on the stock exchange.”

(mrp/runs)