Juventus’ new CEO Giovanni Carnevali faces a significant challenge in his first week at the club: generating a profit of over €10 million by the end of June. This financial target is crucial for the club to meet budgetary goals and avoid further capital increases from majority shareholder Exor.
According to reports, the deadline is vital not only for adhering to UEFA’s Financial Fair Play regulations – with a settlement agreement still pending – but also to prevent the need for additional investment from Exor. Last June, Exor was compelled to contribute €15 million to a future capital increase when potential sales of players Weah and Mbangula to Nottingham Forest fell through. The club is keen to avoid a repeat of this scenario.
Carnevali’s task is complicated by the lack of advanced negotiations for potential departures. A long list of players could be sold, but those with the lowest residual book value represent the most viable options for generating substantial profit. These include Marcus Thuram (€12 million), Andrea Cambiaso (€6 million), Federico Gatti (€3.6 million), and particularly Fabio Miretti, a product of the Juventus youth academy.
Interest in Thuram has been limited to a few inquiries from the Premier League, while Chelsea and Barcelona are considering including players in exchange for Cambiaso to reduce the financial outlay. There has been little movement regarding Gatti. As a result, Miretti has emerged as the most likely candidate to generate the necessary funds. Both Bologna and Sassuolo have expressed interest in the midfielder, though currently favour a loan deal with an option to buy. Carnevali will need to utilise his negotiating skills – honed during his time at Sassuolo – to secure a permanent transfer. Juventus are under pressure to raise €10 million within the next ten days.
