Podcast Introduction
00:00:03
Speaker
to the Italian football podcast. Let's move on to just a couple of transfer ah talking points before we before we finish up.
Renato Vega's Loan to Juventus
00:00:11
Speaker
So first of all, ah coming back to Juventus, Juventus are set to sign Renato Vega from Chelsea on loan until the end of the season. Juventus will pay a 4.5 million euros loan fee to sign the 21-year-old on ah on ah on a straight loan deal until the end of the current season. There is no buy option included. ah Chelsea will will pay that the player
Vega's Role and Performance
00:00:39
Speaker
salaries. So let's tell you a little bit about Renato Vega for those that that don't know much about him. I spoke to Cameron Smith, who is ah he' a great journalist I work with at Football Transfers. He's a big Chelsea fan. He knows everything about the club. um Now, I asked him about Vega.
00:00:57
Speaker
um just all about his ability, his attributes, his qualities, his is kind of his weaknesses. um He says that, I mean, he's been a backup for Chelsea this season. Cameron says, hasn't been good enough to start over Cucarella at left back or Colwill at centre back. See, Vega can play as a centre back or a left back and he can play in midfield as well. And the only Premier League start he's made this season was as a centre midfielder.
00:01:27
Speaker
um Cameron says he started the season really well, um but he's kind of tailed off in his in his his recent appearances. he's He's very composed on the ball, he's 6'4", he's got really good physical profile, quick,
00:01:42
Speaker
and Weaknesses, he's he's not got the best defensive anticipation and reading of the game, and but he is obviously young and that can improve. He's mostly played at left-back for Chelsea, but it seems to be, from what we've learnt, that Juventus see him more as a back-up at centre-back for Gatti and Kaludu.
00:02:02
Speaker
And he but Cameron says it's difficult to say actually what his best position is because he's only really played in the conference league in the Caramel Cup.
Future of Renato Vega at Chelsea
00:02:12
Speaker
um I asked Cameron because obviously this is a loan deal and there's no option to buy. it I said like what is Chelsea's plans with with Vega? Like what is his future? Does he have a future at Chelsea? And he says potentially, but maybe not as a starter, maybe as a rotation option.
00:02:30
Speaker
um but he says also he could easily be sold for profit in the summer if anybody kind of wants to buy him and Chelsea kind of value him at 30 to 40 million but obviously it depends on you know how he does it, the event says that value could could change be because of that. um So I guess look We have to see how he does. He's young. He hasn't played much at all in the Premier League. He's only played in the minor cup competition, so there's not too much to go to go on there. um But my view on this is...
Juventus' Champions League Ambition
00:03:04
Speaker
in terms of the bigger picture, um this reflects badly on Jens Lee. I mean, obviously, hopefully he goes and he's a good sign in, he helps Juventus get in the Champions League in the top four and if that happens, then I guess we can say, you know, job done, I guess. that's the that's the That's the most pressing concern for Juventus. They need to make sure they're in the Champions League next season. If they don't,
00:03:29
Speaker
it's a total disaster financially sportingly and the club the project is in tatters let's just be honest it's in tatters so if that if this sign-in Juventus need a centre back because currently we've cut with Danilo going there currently with with Kalulu and Gatti currently have not a single centre back back up right now which is astonishing so they need a centre back if that if he helps then great but if we're looking at in the bigger picture it This reflects badly on Gently in terms of, as I've said in the last shows, building this Juventus project, to build this new great Juventus.
Critique of Transfer Strategies
00:04:07
Speaker
He's had three months to sign a centre back, over three months, three and a half months since the since the the injury, the ACL to Bremes, known he's needed a centre back. Then of course Cabal got injured, he plays at centre backs, it was even more important, that was in November.
00:04:22
Speaker
The fact that he's scrambling around last minute in the latter latter stages of the January window to sign a Chelsea reserve on loan and somebody that they're paying 4.5 million euros for a four month loan on a young developing player, it's not a ready made player, it's a young developing player, and four month loan, four and a half million euros And Juventus at the end of that will have no option or obligation. So they're not in control of the player. um I think that reflects really badly. It's not a way to build a winning team. I mean, I've been critical, was very critical on the fact that you generally was considering selling Cambiazzo because I said, this is not how you build a winning project. You find your core, ah you create and you build around the core of players of which Cambiazzo is clearly one of them. You don't sell a player from your core. That's just not how you build a winning team.
00:05:17
Speaker
It's also, if you're trying to build a winning project, you don't pay four and a half million euros loan on a young player for four
Financial Planning at Juventus
00:05:24
Speaker
months. So you have no control on. It's just, it's a poor financial decision. And it's again, from a sporting point of view, it's not how you grow a squad. And I would say the same for Randall Columwani, who's going to be, it's going to be made official on Thursday, that he's the event's player because PSG have freed up space for him. Columwani again, loan,
00:05:43
Speaker
for expensive loan for the rest of the season, and but you us have no option and to sign him. no control over the player at the end of the end of the summer. Again, if Colin Moani helps you get in the Champions League, then that's really, really important. But if you're building a project, you shouldn't be in a position that Junzli has found himself in, that whereby you're scrambling around to get a striker on loan and and a young developing centre back on loan and you're paying money for them and you have no control of them. So it's it's just...
00:06:17
Speaker
For me, its it reflects back really badly on Junzli, and it it makes me worried. Because he put himself in this position. That's the thing. He's put Juventus into this position. His mistakes, his decisions, it's his responsibility. And I understand Elkan, after however hundred many hundred million euro cash injections, he has a responsibility to his shareholders and be like, enough's enough.
00:06:46
Speaker
Make this work. I can't just keep plowing hundreds of millions of euros and cash injections into this giant black hole and you don't do anything about it. At some point, something has to give.
00:06:58
Speaker
So how's the gift? But how is how is it financially a good decision to to pay 4.5 million euros loan on a young development? Because he's just 5 million euros alone for four months. How is that financially helping the situation? Because it's it's it's better because it's it's not because they've again they have put themselves in this situation. And when you it's like when people who don't you know, we watch on TV these shows where people take a loan after loan to pay for another loan and then they take exactly what it is.
00:07:26
Speaker
so helping It's not helping you. It's not helping the situation, is it? That's dead money. You're not going to get any return. you're not It's not like you buy a player and it's a future investment. you know That's dead money. It's like if you've got the opportunity to buy a house, but you decide to just continue renting.
00:07:44
Speaker
Renting and you you know, then then that's the that's dead that that money's dead that you're paying Yeah, it's dead but it's like it's it's it's again It's it's not now the mistakes were not made now now is just playing out the cards and trying to risk minimize the damage Or minimize the damage the mistakes were made when last summer when in the investments he made that were Frankly except for Kefran Tiram and the Gregorio. They've been pretty awful every single one.
00:08:10
Speaker
Iku Bonsalas has been dreadful. Tung-Kuk miners were still waiting on. Douglas Louise was utterly embarrassing but so far in terms of his attitude and performances. So, you know, it is what it is. Callulu's been outstanding, but yeah. Yeah, Callulu's been good. But, you know, it's it's not been a good, it's not been, it's he still, it's not been a good, you know, if if report cards came in for so for food for for the Mercato and how players have done, Giuntoli fails.
00:08:38
Speaker
There's no doubt about that. And it's it's that simple. And we have to be honest about that.
Juventus' Financial Decline
00:08:44
Speaker
Yeah. And there's also new reports this morning that Man City are set to make an official bid for Cambie Esso by the end of the week. And if that happens, then, you know, that's a big concern. Are Juventus going to be able to resist? Are they going to be able to hold on to him? Is the decision going to be taken?
00:09:01
Speaker
to's It's a disaster. it It's a total disaster. And you know what else is a disaster? And this goes above Junzli's head and predates Junzli as well. And this is ah this is on Elkan. So I don't want to have anybody say that Elkan is doing a good job. Elkan is the 10 times bigger disaster than Junzli. I don't even want to say what I want to say say about him. Juventus have fallen to 16th place, their worst ever ranking in the Deloitte ah Money League, which was released today on Thursday, where it ranks though the richest clubs in the world based on all their revenue that comes in. know Matchday revenue, commercial revenue and and and TV revenue. And Juventus have fallen to 16th place in the table.
00:09:46
Speaker
It's their worst ever ranking. So, I mean, financially, Juventus are completely failing. And we know that all Italian clubs are failing. I mean, if you look at the, if you look at the overall list of the, of the football money league, it's, it's, it's really depressing to, to to look at Italian clubs. And the way that Juventus were run prior, because the, just take the shirt sponsor, for example, Jeep, who owns Jeep XOR owns Jeep.
00:10:13
Speaker
So you that that that sponsorship deal was essentially an inflated fake one because it wasn't worth the money they were paid. Now that's gone away because Jeep don't want to or can't afford to pay that kind of money. And then you're standing there with a budget this big, a hole in the budget this big, and you're trying to fill it. And so you can't find it because no one wants to pay that money because it was inflated to begin with. So, you know, we you can blame Elkan all you want, but This was done before. When you build a financial when you build a financial house of cards...
00:10:46
Speaker
which Agnelli did. He had success on the pitch, there's no doubt about it, but it was built on a financial house of cards. Now that's come crashing down. this the That's the same, I think that's the same for all for all
Challenges for Italian Football Clubs
00:10:58
Speaker
the Italian clubs. this They're all built on on on on sand. I mean, it's quicksand. I mean, is there there's they there like they're all failing. They're all, every single year, we're we're falling further down the list. Milan are 13th, Inter are 14th.
00:11:14
Speaker
Juventus 16. The fact though that Juventus are below into Milan and Inter is a huge failing. No disrespect to those clubs, they're obviously massive. No, but it's it's not. I think it's an accurate representation of where where you what Juventus are actually worth. Again, when you create, when your own company, it's the same thing with Fiorentina, Mediacom, with, what's his name, Rocco Comiso.
00:11:36
Speaker
that's that That deal is completely ah inflated. It's not worth that. When he disappears, when media come no longer pumps money in via sponsorships to Fiorentina, they're going to have a hell of a difficult time. Again, this is this is the thing. there's this this When when you build a financial house of cards sooner or later That's not sustainable sooner or later will come crashing down and that's what happening to you with this This isn't just whether you they are lower down because they didn't qualify for the Champions League But I mean, you know, they would be above they would be above millions now if it wasn't for that But it's but it's still it's a huge failure and that that that they're falling that low as with all its own in clubs It's depressing to see to see where they are is in the top 30 richest clubs in in top 20 richest clubs in Europe there's only yeah
00:12:19
Speaker
you ah millet Milan into Juventus, and they're now 13th, 14th and 16th. I mean, these clubs used to be even up until 10 years ago, these clubs were in the top 10 or higher, you know, and that's 10 years ago when Serie A was already on the on the on the way down, sliding down the table. and But, you know, Juventus have just been run so badly at the moment at the top, above Genteli, to not even have a sponsorship still. I mean, that's just embarrassing, and it really is.
00:12:43
Speaker
Because they have a budget that, again, that sponsorship deal was inflated to begin with. And when Jeep no longer wants to or can, is able to pay them. Well, you get a lower sponsorship. I mean, it's the same as... Yeah, but it's not the same. You have to get more, and they weren't in a position to find more. That's what I'm talking about. Well, they go lower. They go lower. It's not... It's not just going lower. You need to find something to fill. It's not just pressing a button.
00:13:07
Speaker
and You can't get the same sponsorship. You go a little bit lower, but you get a bloody sponsorship. You don't have to get no sponsorship. It's ridiculous. Well, it's the exact same situation that happened at Inter, because they weren't ready for it. It's the same incompetence. It's just happening at Juve.
Financial Mismanagement in Italian Football
00:13:23
Speaker
Like, again, this is what I mean. They're all run badly, and I think it's... And they have been for a long time, and it's all been a pyramid scheme, is my opinion of it. It's my honest opinion that it's been a giant pyramid scheme.
00:13:36
Speaker
um And now that's come crashing down and reality bites. It's that simple. And whether it's Elkan or Aniele or whatever, Italian football is not run well financially. It's a financial mess. That's just a making, pushing on 50% of what Tottenham make a year. I mean, that just... Congratulations. ah That just says it all. What do you want me to say? Like it's just, it's it's embarrassing and it's been embarrassing for a long time. And I don't think it's just one person's fault. I think what you saw under Aniele was that at least you saw under Aniele was even though it was a financial house of cards, you saw results and we won. You won nine score at in a row. You were two champions league finals and then he got arrogant. And the rest we saw what happened two seasons ago when it all crashed.
00:14:23
Speaker
and And now we're seeing the aftershock of that. The issue with Giuntoli, though, is that he the problem is when you have zero margins of error, failing on 80, 90 million euro signings combined with Koch miners and Douglas Louise to date have been failures, that that doesn't look good, that you can't afford to do that. And that's why you you're looking at selling Cambiaso because you're desperate.
00:14:48
Speaker
You're completely desperate and you're weak. And when, and this is a cut, you know, this is a cutthroat business. When people sense weakness and blood in the water, they kill you. Yeah. Well, let's hope that if that bid comes in that John Elkan is stuck in Davos with the World Economic Forum and he doesn't, doesn't, he's too busy. Gary Neville, the man of the people, Gary Neville, World Economic Forum in Davos. Gary Neville and all the other lizards. Yeah.