Juventus must pay Portuguese star Cristiano Ronaldo 9.7 million euros ($10.4 million) in back wages for the 2020-21 season, the Italian courts announced on Wednesday. ;
The Court of Arbitration, to which Ronaldo appealed, "orders Juventus Turin to pay the sum of 9,774,166.66 euros", plus interest and procedural costs, it stated in its decision. ;
The sum equates to the difference between the salary actually received by Ronaldo and that which he should have received after tax and other deductions. ;
Ronaldo, who spent three seasons in Italy with Juventus (2018-21) before joining Manchester United (2021-22) and then the Saudi club Al Nassr, was claiming 19.5 million euros but the arbitration panel reduced that by 50 percent. ;
Contacted by AFP, Juventus declined to comment, but said it would be issuing a statement "shortly". ;
According to the rankings drawn up by the American business magazine Forbes, the five-time Ballon d'Or winner was the world's highest-paid sportsman in 2023, with $136 million, including $46 million in wages. ;
Juventus, who are listed on the stock exchange, recorded losses of 123.7 million euros in the 2022-23 financial year, which ran to the end of June, it announced in October. ;
No provision has been made in the accounts of Italian football's most successful club, currently third in Serie A, for the payment of this wages backlog. ;
Provided by SyndiGate Media Inc. (Syndigate.info). 2024-04-18T11:07:02Z dg43tfdfdgfd