According to estimate from Banca IMI analysts, Juventus are expected to close the 2019-20 financial year with approximately €150m in capital gains.

An article from the Calcio E Finanza website cites the report from Banca IMI which highlights the potential gain for the Bianconeri which covers capital gains, loan revenues and other awards related to players who have been sold.

Analysts from the investment bank Intesa Sanpaolo Group believe Juve could make further gains of up to €65m by 30 June to add to the approximately €85m already accounted for in the first half of the year, bringing the the amount of capital gains realized during the year at approximately €150m.

In the summer session of the 2019-2020 transfer market, Juve realised capital gains related to the sale of players for €61.94m while outgoing transfers in the winter transfer window generated capital gains of €23.5m

According to estimates from Banca IMI, another €65m capital gains should therefore be added to these to be realized by 30 June, in order to be accounted for in the 2019-2020 financial statements.

Despite this result expected from player transfers, almost in line with that of the 2018-2019 financial year (€157.2m) and the 2016-2017 financial year (€151.2m), and without considering the impact on revenues and costs of a possible cancellation of sports competitions linked to the coronavirus emergency, Banca IMI believes that Juventus can close the current year with a net loss of €52.3m, due to the significant costs of management related mainly to the cost of the squad.

If this were the case, it would be the third consecutive financial year in the red for Juventus, after the net loss of €39.9m in 2018-2019 and that of €19.3m in the 2017-2018 financial year.