Sport
Juventus has announced the financial details of Cristiano Ronaldo’s exit
There is money on the way for Juventus, but it may not be as much as you had hoped.
Juventus remained silent on Cristiano Ronaldo’s departure for three days, and throughout a very fascinating — and not in a good way! — weekend of football. We really just had Manchester United’s announcement that they had agreed to sign Ronaldo and bring him back to Old Trafford.
We didn’t know much else but that.
We finally know what the Ronaldo deal looks like on Deadline Day.
The terms of Ronaldo’s departure were published by Juventus on Tuesday, with a €15 million transfer fee spread over five (!!!) years and a further €8 million in add-ons, bringing the total worth of the deal to a maximum of €23 million. In a press release announcing the deal, Juventus stated:
Turin, 31 August 2021 – Juventus Football Club S.p.A. announces that an agreement with Manchester United FC Ltd for the definitive disposal of the registration rights of the player Dos Santos Aveiro Cristiano Ronaldo has been reached for a consideration of € 15.0 million payable in five financial years, which might be increased, up to a maximum of € 8.0 million, upon achievement of specific performance objectives over the duration of the employment contract with the player.
This operation generates a negative economic impact of approximately € 14.0 million on the 2020/2021 financial year due to the partial write-down of the net book value of the player’s registration rights.
As you can see, that transfer fee is nowhere near the €28 million that Juventus was rumored to be looking for in order to avoid a loss on the books. As a result, despite the fact that Ronaldo’s large contract is no longer their burden, Juventus will take a significant cost on their books in 2020-21.
The fact that Juventus wanted a large sum of money after Ronaldo notified the Turin giants that he wanted to depart before the summer transfer window ended was a major sticking point in negotiations with Manchester City late last week. Because of that demand, Manchester City backed out of the talks, allowing United to swoop in, likely clawing at a few heartstrings, and try and convince Ronaldo to return to the club where his career began.
It is not the transfer money that Juventus had hoped for, but it is something. Getting close to €30 million would have been ideal, but seemed impossible given their lack of leverage following Ronaldo’s wish to depart. We should be at least somewhat happy with what they got, and now we can hopefully move on and see what they can achieve now that one massive contract is no longer in play.
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