Napoli also wins the budget scudetto (but the Serie A plate is crying)

It goes to Napoli the scudetto of the Serie A football budgets of the last football season, ending on 30 June 2023. Winner of the championship by a wide margin (16 points over Lazio), the club of Aurelio De Laurentiis presents very positive accounts, with a net profit of 79.7 million euros. The other balance sheet indicators are also positive: Napoli's net worth is 143.5 million and the net financial position as of 30 June is positive 117.3 million. The club has a positive balance between liquidity and financial debts, a rare case in Serie A football. Operating revenues amounted to 275 million. Decisive for the profit were the capital gains from the sale of players for 79.6 million, in particular Koulibaly (41.9 million) and Fabian Ruiz (21.5 million).

Among the other big companies, only Milan (fourth in the last championship) has positive balance sheet results, consolidated net profit of 6.1 million, positive financial position of 10.8 million, net equity of 177.2 million, the highest in Serie A. On the other hand, the worst accounts are those of Roma and Inter (negative consolidated net equity and very high debts) together with Juventus, the club with the highest loss. Halfway down the table is Lazio, in the red for the fifth consecutive year, the only one to have worsened its net result compared to the previous year, from -17.4 to -29.5 million.

This investigation compares the accounts of the six leading Serie A teams by operating revenue. The turnover is adjusted for capital gains and income from player management, which is nevertheless taken into account in the net result. Italian football, with a few exceptions, remains in a semi-bankruptcy situation, constantly in need of financial support from the owners. Inter, Milan and Roma received capital injections or financing from shareholders in the last season.

Overall, the losses were reduced by 65% compared to the previous year. Four clubs have a balance sheet in the red (Juventus, Roma, Inter and Lazio), two have a profit (Napoli and Milan), the aggregate balance is -255.56 million. In the previous year, all six had balance sheets in the red, with -734.28 million in losses. Close behind this group is Atalanta, seventh in terms of revenue. In the balance sheet as of 30 June 2023 it has 111.9 million in operating revenues, while income from player management and capital gains amounts to 83.5 million, with a net profit of 5.6 million.

Juventus remains the club with the highest revenue, 437.4 million in the consolidated balance sheet, ahead of Milan and Inter, but has the highest loss, although almost halved from -239.3 to -123.7 million. It is the sixth consecutive budget in the red, and has not won the Scudetto for three years. Net financial debts were high, almost 340 million. Juventus decided to ask the shareholders for anew capital increase for 200 million. Being listed on the stock exchange, Juventus has greater obligations of financial transparency. The only other listed company is Lazio.