Juventus suffer biggest loss after releasing Higuain for free, 4 years after paying €90M

Argentine striker Gonzalo Higuain's tumultuous stint with Serie A champions Juventus came to an end on Thursday after two parties agreed to terminate his contract mutually. striker's departure has accounted for hefty financial distress for Old Lady, having spent a mammoth €90 million to sign him from Napoli in 2016. Meanwhile, reports of Higuain transfer to Inter Miami have begun doing rounds.

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Higuain to Inter Miami: Transfer to impact Juventus financially 

Juventus confirmed that Gonzalo Higuain has agreed to bring down curtains on his time at Allianz Stadium. player lasted three seasons with Bianconeri. However, his departure has had severe financial ramifications for Juventus. Reports suggest that Higuain transfer has set an unwanted record for Juventus, having suffered heaviest loss by any club due to this deal. 

Juventus, while anuncing mutual termination of contract, have also confirmed financial losses that shall accrue upon m due to his free transfer. statement read: "This operation generates a negative ecomic effect of approximately €18.3 million on 2019-2020 financial year due to residual value write-down of registration rights of player."

Also Read | Higuain to Inter Miami almost complete, official anuncement expected soon

Higuain to Inter Miami: Juventus' financial losses aggravate 

ecomic losses will w pile up on Juventus' already depreciating finances. club has reported losses for third time in a row, largely down to coronavirus pandemic and subsequent loss in revenue. club's first-team players had agreed to a massive pay cut to help club in times of distress last season. 

According to a statement released by Juventus, Old Lady has suffered losses estimated at €71.4 million this year.  loss has increased furr by €31.5 million from previous year's financial statements. A shortfall in income from fans and merchandise sales seem to account for a major chunk of loss. 

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Higuain to Inter Miami reportedly agreed

Meanwhile, Higuain leaves Juventus with a decent stint that saw him rise as fan-favourite at Allianz Stadium in his first season. Having emerged as Serie A top scorer for Napoli, Argentine was roped in by Serie A champions for a reported fee of €90 million. However, following seasons saw him struggle at club. In all, he racked up 148 appearances for Old Lady, netting 66 times.

He also played a pivotal role in Juventus' dream run in 2016-17 Champions League season, albeit end was regretful, marked by a final defeat against his former club Real Madrid. striker is w set to ply his trade in Major League Soccer (MLS) with Higuain to Inter Miami reports doing rounds. club is co-owned by Manchester United legend David Beckham. Higuain will join former Juventus teammate Blaise Matuidi in MLS in Miami. 

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Im courtesy: Juventus Instagram