Ronaldo has achieved the goals he had set for himself. Now his future at Juventus is still to be defined. With one more year on his contract and after a season in which qualification for the Champions League only reached the last day, the long post on Instagram has again fueled doubts about the Portuguese’s permanence in the Juventus jersey. Meanwhile, those that separate are the streets of Milan and Gigio Donnarumma. The arrival of the goalkeeper of Lille neo-champion of France Maignan in Milan, complete with medical examinations, defines the end of Donnarumma’s history with the Rossoneri club that began with the youth teams in 2013.
Cr 7 and the bianconeri accounts
The Lusitanian admitted that he had achieved the goals he had set himself “from the first day” in which he arrived in Italy, winning all the national trophies. All this after three years clearly in the red, also due to the decisive slowdown due to the pandemic, if the operation is evaluated from an economic point of view. In the three years with Ronaldo in the team, Juventus have failed to make the leap in quality on the continental field and have abdicated in Serie A after nine consecutive league titles.If Ronaldo remains at the Juventus court, the four-year commitment for the Portuguese will approach to 350 million euros, considering the gross salary of the five times Golden Ball and the annual amortization of his card, purchased by Real Madrid in 2018 and budgeted by Juventus with a historic cost of 115.8 million euros . Specifically, every year Ronaldo calls over 60 million in salary (including taxes), while the annual amortization of the card is around 29 million euros per season. To this must also be added the remuneration to be paid to Jorge Mendes, the player’s agent, foreseen for Ronaldo’s stay and for other services: in the 2018/19 financial year 11.9 million of accessory charges were capitalized and for the two following seasons, 750 thousand euros of annual remuneration were envisaged, up to 1.1 million for the last year of the contract.
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Tax advantages
Juventus with the hiring of Ronaldo was not able to take advantage of any tax benefit. The Growth Decree with the 50% discount on withholdings had not yet been approved. Conversely, Rolando takes advantage of the measure provided for the so-called “new residents” introduced by the 2017 stability law, according to which on all foreign income deriving from real estate investments, dividends, capital gains and image rights it is possible to pay only 100 thousand euros of annual fees. A ruling with the Revenue Agency is also envisaged to establish the scope of foreign earnings.
The balance of Cr 7
On the other hand, however, the landing of CR7 in Turin allowed Juventus to increase certain items regarding structural revenues: the renewal of contracts with Adidas and Jeep (with an overall increase of 25 million) and the agreement with Allianz on stadium naming rights led to a two-year increase of 42 million. In addition, in Ronaldo’s first year in black and white, box office revenues increased by 14 million and those from merchandising by 16. The health emergency canceled these surpluses, but without Covid-19, Juventus would have collected at least 250 million in more in four years if we also consider the TV rights and the Champions League. It can be said that considering the immaterial advantages linked to the positioning of the brand, the Cr7 economic operation would not have been at a loss. Obviously, Covid, which impacted a season and a half, blew up all the prospects. Certainly the farewell at the moment would be more convenient from an economic point of view Juventus than at Cr7. Unless someone guarantees him the 30 million net salary plus the 20 million and passes on the millions of tax savings he gets in Italy on his earnings from abroad. Of course, this second part of the “emolument” would not be useful if Cr7 remained in the Peninsula.
Farewell of Donnarumma
Budget issues at the time of the Codiv also weighed on the imminent farewell of Gigio Donnarumma to Milan, despite the conquest of the Champions League and at least 50 million bonuses related to qualification. The contract of the current AC Milan goalkeeper expires on 30 June. It has not been possible in recent months to find an agreement for the extension. The Rossoneri club had offered € 8 million net per season, not enough. Furthermore, the commissions requested by the agent are weighed in the outcome of the negotiation Mino Raiola, which would have been around 15-20 million. Meanwhile, the club takes caution with Mike Maignan, the 25-year-old Lille defender, one of the decisive players in the team’s triumph in Ligue 1, is coming to Milan and could be the replacement for the young blue extreme defender. The transalpine, third goalkeeper of the French national team, should undergo medical examinations with the Rossoneri in Milan. The two companies have in fact reached an agreement for his transfer.