Why Italy’s football association is not going bankrupt

Juventus are not going to be bankrupt this season, according to an association statement.

“We will continue to fulfil our contractual obligations and to perform our responsibilities,” a statement from the governing body said.

“The board of directors and president, as well as the sporting and cultural group, are fully confident that we can manage our business and that we will reach our objectives in the best possible manner.”

The statement did not provide any specific figures on how much money the football club is owed.

It also did not mention the debt owed to creditors and creditors of the football association.

The Italian football association’s annual financial report for 2017-18, released on Monday, said the debt has increased to €7 million, but this figure is not yet available.

It said it has been forced to make “financial adjustments” due to the financial pressures and “difficult economic circumstances” but it said that it is “truly optimistic”.

On Monday, the governing board issued a statement saying it was “not yet ready to declare a financial emergency” as it continues to fulfil its obligations.

The football association said it expects to reach a balance of €5.8 million this year and €4.4 million next year.

It has also made “several adjustments to its operating expenses”, including an increase in the salary budget, the statement added.

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