Juventus: according to Deloitte, capital gains from Mandrake should not have been taken into account

According to Deloitte, the capital gain made by Juventus in 2019 in relation to Rolando Mandragora should not have been taken into account. Mandrake was bought in January 2016 by Genoa for 6 million euros plus 6 million bonuses. The Bianconeri sold it in 2018 for 20 million to Udinese, recording a capital gain of 14 million on the balance sheet closed on June 30, 2019. Deloitte notes that Mandrake’s buyout (for 10 million plus 6 million bonuses in January 2021) was likely a mandatory pass rather than an entitlement. Therefore, the loss on the balance sheet ending June 30, 2022 should have been 4 million less and shareholders’ equity should have been 7 million less. Just as the loss for the 2023 financial year – after the sale of Mandrake to Fiorentina – would have been lower by another 7 million.

Source: Tutto Mercato Web

Related articles

Comments

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share article

Latest articles

Newsletter

Subscribe to stay updated.