Balance sheets 2025/26: gross debts down at Juventus and up at Inter and AC Milan
As of 30 June 2026, Juventus's gross debts have fallen, Inter's have risen slightly, and AC Milan's have increased by 38%. Considering net financial exposure alone, the figure has grown for all three clubs. The analysis of the 2025/26 consolidated financial statements distinguishes between financing, transfer market payments and resources generated by operations. The data show that debt does not in itself signal trouble: what matters is what it was taken on for, when it must be repaid and what resources the club has to meet it.
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