Following Monday’s shock announcement, everyone had their own take on Andrea Agnelli’s decision to step down as Juventus president.
The former skipper, along with the rest of the board of directors, left his position vacant amid the club’s financial difficulties and ongoing investigations into alleged financial irregularities.
According to the reputable Swiss Ramble Twitter account, Juventus could announce more losses.
The blogger who specializes in sports finance believes management will have to restate its financial statements for the past three seasons, perhaps in hopes of avoiding harsher penalties.
The account reminds us that the Bianconeri had already posted a massive after-tax loss of €254m in 2021/22, the highest ever recorded in Italy, while posting losses worth more than €500m in the last three years.
The updated figures will include additional salaries paid by players during the Covid-19 pandemic that were reportedly hidden from balance sheets. This would result in further losses on the financial ladder.
According to the source, these figures explain Agnelli’s obsession with launching the controversial European Super League.
The resigned Juventus president has often spoken about the “financial unsustainability” of football, obviously alluding to the dire state of his own club, which has been unable to balance the books.
