Advertisement
Advertisement
Advertisement
More
Advertisement
Advertisement
Advertisement

Juventus financial loss for first half of 2023/24 fiscal year widens

General view of a Juventus flag inside the Allianz Stadium
General view of a Juventus flag inside the Allianz StadiumReuters
Juventus said on Friday their net loss widened to 95.1 million euros (£81.3m) in the first half of its 2023/24 fiscal year as their ban from lucrative European competition this season over financial irregularities weighed on the club's revenue.

The result compares with a loss of 29.5 million euros in the same period of the previous fiscal year.

Revenue fell almost 26% to 173.3 million euros between July and December last year, Juventus said in a statement.

To shore up its cash-strapped finances, the Serie A club have announced a 200 million euro capital increase, which is expected to be launched by the end of April.

Exor, the investment arm for the Agnelli family, which has been controlling the Turin-based club for over a century, already covered the proportion of the cash call matching its 64% stake and will also act as a guarantor for the remaining part.

Juventus in the league standings
Juventus in the league standingsFlashscore

Juventus were hit by an accounting scandal linked to player trading and salary payments in late 2022, whose consequences included a ban from this season's European competitions.

Juventus reiterated on Friday they forecast another loss in the current full fiscal year after they reported a consolidated loss of 124 million euros to June 30th, 2023, bringing the cumulated losses to over 700 million euros in six years.

The club last posted a net profit in 2016/2017.

France gouvernement

Les jeux d’argent et de hasard peuvent être dangereux : pertes d’argent, conflits familiaux, addiction…

Retrouvez nos conseils sur joueurs-info-service.fr (09-74-75-13-13, appel non surtaxé)