Juventus confident of 'legitimacy' of Super League project | OneFootball

Juventus have again talked up the prospect of a Super League after announcing their annual financial results.

The club's board has approved the draft financial statement for 2020-21, which will be submitted for approval to the Shareholders' Meeting called for October 29.

“The Board of Directors approved the consolidated financial statements for the financial year ended June 30, 2021, which show a loss of € 209.9 million that will be covered by the share premium reserve," Juventus' official statement reads.

In their draft financial statement, the Serie A giants list the most significant events and the financial highlights from the last season.

“The transactions finalised in 2020/2021 Transfer Campaign, which was held from September 1 to October 5, 2020, and from January 4 to February 1, 2021, led to a total increase in invested capital of € 120.6 million resulting from acquisitions and increases for € 121.6 million and disposals for € 1.0 million (net book value of disposed rights)," the club revealed.

“Net expenses deriving from temporary transfers came to € 9.4 million. The net capital gains generated by the disposals came to € 30.5 million. The total net financial commitment of € 88.7 million is spread over four years, and includes auxiliary expenses as well as financial income and expenses implicit in deferred receipts and payments."

On the Super League, Juve also stated:

“On April 19, 2021, Juventus announced the execution of an agreement with other 11 top European clubs for the creation of the Super League, a new European football competition, alternative to the UEFA competitions but not to national leagues and cups," the statement read.

“The competition would be organised and managed by the ESLC (European Super League Company S.L.), of which each Founding Club is a shareholder with the same stake and rights, so that the whole Super League project is owned exclusively by the clubs and not by third parties, thus creating an overlap between those bearing the business risk and those managing the television and radio rights related to the sporting competitions.

“As at today, it is not possible to predict with certainty the outcome and future development of the Super League project, of the legitimacy of which Juventus remains confident."