Juventus ordered to pay Ronaldo more than $10m

LONDON: 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 ater 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.

Contactedbyafp,juventusdeclinedtocomment, 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 202223 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.

Juventus Football Club, colloquially known as Juve is an Italian professional football club based in Turin, Piedmont, that competes in the Serie A, the top tier of the Italian football league system.

Founded in 1897 by a group of Torinese students, the club has worn a black and white striped home kit since 1903 and has played home matches in different grounds around its city, the latest being the 41,507-capacity Juventus Stadium.

Consequently, the side leads the historical Federazione Italiana Giuoco Calcio (FIGC) classification, whilst on the international stage the club occupies the sixth position in Europe and the twelth in the world for most confederation titles won with eleven trophies, as well as the fourth in the all-time Union of European Football Associations (UEFA) competitions ranking, having obtained the highest coefficient score during seven seasons since its introduction in 1979, the most for an Italian team in both cases and joint second overall in the last cited.