Juventus closed the second half of the 2016-2017 season with a net loss of 26.6 million euros, in line with the result for the same period of the 2015-2016 financial year (-26.7 million).
This is what emerges from Exor’s January-June 2017 semi-annual press release, the holding company headed by John Elkann to whom the Bianconeri, as well as FCA, CNH Industrial, Ferrari, Partner King and the Economist are included.
Exor, as reported in the statement, closed the half-year with a consolidated profit of €916.3 million, up 485% over the same period of 2016 (€430.3m) and a Net Asset Value (Net value of the assets in the portfolio) of $17 billion, up 17.5% in reference to December 31st, 2016.
Analyzing Juventus’ situation it can be seen that despite the red in the second half, the exercise at June 30th, 2017 will close in profit. The company chaired by Andrea Agnelli closed the first half with a profit of €72 million. The positive impact on the revenue is due to Paul Pogba and Alvaro Morata’s sales. These deals were sealed in the summer 2016.
The exact figure for the profit will be known only in the coming weeks when the Juventus board of directors will meet to approve the financial statement for the 2016-2017 financial year. According to estimates prepared by Calcio e Finanza last May, Juventus will close with revenues (including those related to the management of footballers) over €500 million.