Sunday’s double announcement — Randal Kolo Muani signed permanently from PSG, Kerim Alajbegovic confirmed from Bayer Leverkusen — represented the most significant single day of transfer activity at the Allianz Stadium in years. Both players have been signed on permanent deals running until 30 June 2031. But beyond the sporting excitement, Calcio e Finanza’s Anna Botton has done the financial mathematics — and the results are striking.
Kolo Muani: The Full Cost to Juventus’s 2026-27 Accounts
The fixed transfer fee for Kolo Muani is €38 million, payable across four financial years, with ancillary costs of €3.2 million and performance-related bonuses of up to €12 million. His salary is €5.5 million net per season.
When translated into the annual balance sheet impact for 2026-27, the numbers are as follows. The annual amortisation charge on his transfer fee amounts to €8.24 million. His gross salary — converting the €5.5 million net figure — is approximately €10.2 million. The total annual cost to Juventus is therefore €18.44 million.
Alajbegovic: A Young Talent at a Manageable Price
For Alajbegovic, the fixed fee is €30 million, payable across four financial years, with ancillary costs of €2 million and bonuses of up to €5 million. His salary is understood to be €3 million net per season.
The annual amortisation on his transfer fee amounts to €6.4 million, and his gross salary is approximately €5.55 million — giving a total annual cost of €11.95 million for the 2026-27 season.
The Headline Figure — and Why It Vindicates Carnevali
Taken together, the two signings will cost Juventus just over €30 million on the 2026-27 balance sheet, combining amortisation and gross salaries.
And here is the number that will define how this summer is remembered in accounting terms as much as sporting ones. Despite being Juventus’s two most significant investments of the entire window, their combined annual balance sheet impact falls well short of what Dušan Vlahović alone cost the club in his final season — a figure exceeding €41 million when wage and amortisation were combined.
In other words: Carnevali and Massara have simultaneously acquired a proven centre-forward who scored ten goals in his previous Juventus loan spell and one of European football’s most exciting teenage prospects — and done so for less than the club was spending on a single striker who left as a free agent without renewing. The Sassuolo method, applied at the Allianz Stadium, has produced its most compelling financial argument yet.
