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MarketScreener Homepage  >  Equities  >  Italian Stock Exchange  >  Juventus Football Club    JUVE   IT0000336518

JUVENTUS FOOTBALL CLUB

(JUVE)
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Juventus Football Club : Aaron Ramsey Signs Juventus Deal Worth £400,000 a Week

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02/12/2019 | 01:42am EDT

Arsenal midfielder Aaron Ramsey has signed a pre-contract agreement to join Juventus in the summer in a deal that will earn him over £400,000 a week.

The 28-year-old has agreed a four-year contract that will see him join the Italian champions as a free agent, ending his 11-year spell with Arsenal.

Ramsey passed a two-part medical in January, having picked Juve following talks with a host of European clubs.

He will be the highest-earning British player ever based on basic salary.

The Wales international’s Arsenal contract expires on 30 June and the Gunners will receive no fee when he leaves.

In confirming the deal, Juventus said the club would incur costs of 3.7m euros (£3.2m) but did not specify what the fee was for.

On his Instagram page, Ramsey thanked Arsenal’s fans and said he will “continue to give the team 100%”.

He wrote: “You welcomed me as a teenager and have been there through all the highs and lows I’ve encountered during my time at the club.

“It is with a heavy heart that I leave after 11 incredible years. Thank you.”

The Juventus website welcomed Ramsey by stating he will become the third Welshman to represent the club, following the John Charles and Ian Rush.

Ramsey, who joined Arsenal from Cardiff City in 2008 for a fee of around £4.8m, held preliminary talks with Barcelona and also received an offer from Paris St-Germain.

Bayern Munich, Inter Milan and Real Madrid also showed interest, with Real forward Gareth Bale understood to have encouraged his Wales team-mate to link up with him in Spain.

Arsenal did present Ramsey with the offer of a new deal in September but it was turned down and the club were not prepared to meet his salary demands.

Head coach Unai Emery had reservations about Ramsey’s role in his squad.

Ramsey’s desire to play as a number eight, running on to the ball from an advanced central midfield position, clashed with Emery’s vision.

Emery does not usually deploy a number eight, meaning the Welshman has mainly been used in a strict deeper role without license to roam or in the number 10 position with his back to goal.

Ramsey has played 259 times for Arsenal, scoring 61 times.

In his 11 seasons at the club, he has struck double figures in a season three times, with a best mark of 16 in all competitions in 2013-14.

(c) 2019 THISDAY NEWSPAPERS LTD. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials (€)
Sales 2019 557 M
EBIT 2019 -44,6 M
Net income 2019 -68,1 M
Debt 2019 410 M
Yield 2019 -
P/E ratio 2019 -
P/E ratio 2020
EV / Sales 2019 3,02x
EV / Sales 2020 2,97x
Capitalization 1 268 M
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Mean consensus BUY
Number of Analysts 1
Average target price 1,40 €
Spread / Average Target 11%
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Managers
NameTitle
Aldo Mazzia Co-Chief Executive Officer, CFO & Director
Giuseppe Marotta Co-Chief Executive Officer, Director & GM-Sport
Andrea Agnelli Chairman
Claudio Leonardi Head-Information Technology & Logistics
Pavel Nedved Vice Chairman
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