Juve has communicated what the compensation will be paid to Aston Villa in the operation involving Douglas Luiz, Barrenechea and Iling
The Juvethrough an official note, has communicated what will be the compensation to be paid to Aston Villa in the operation which involved Douglas Luiz, Barrenechea and Iling.
PRESS RELEASE – «It is recalled that on 30 June 2024, as described in the specific press release, the agreement was also reached with the same counterparty for the definitive acquisition of the rights to the footballer’s sporting performances
Douglas Luiz Soares de Paulo for a fixed fee of €50 million.
The above-mentioned transactions entail a monetary adjustment to be paid by the Company – based on the differential of the fixed fees – equal to €28 million. These operations – on the basis of preliminary in-depth legal and accounting studies – can be classified as
separate and distinct operations from both a contractual and substantial point of view.
It should also be noted that, in light of the interpretative uncertainties regarding the application of IAS 38 which regulates the matter, the Company – in application of its internal procedures – has carried out preliminary analyses to verify the occurrence of the two requirements (commercial substance and reliable measurement of fair value) necessary for the accounting of transactions at fair value (and, therefore, with recognition of the positive impacts on the income statement mentioned above) even in the case in which the transactions were, hypothetically, classifiable as exchanges of intangible assets pursuant to IAS 38 (and not separate and distinct transactions).
These preliminary analyses, also carried out with the support of external advisors, currently confirm the existence of the two required requirements. Otherwise, in the event that the transactions were considered exchanges and where even just one of the aforementioned requirements was not considered satisfied, the transactions could not be recognized at fair value.
It is specified that the final assessments regarding the accounting recognition of the transactions will be carried out for the purposes of preparing the Semi-Annual Report as at 31 December 2024, whose approval is expected in February 2025, in which complete information will be provided, to which reference should be made for further information. information”.
