Struggling Juventus reports record financial loss
Juventus has reported a record loss of 254.3 million euros for the 2021-22 financial year at a board of directors meeting
By AP News
Published - Sep 23, 2022, 04:26 PM ET
Last Updated - Jun 24, 2023, 07:27 AM EDT
TURIN, Italy (AP) — Juventus reported a record loss of 254.3 million euros ($246 million) for the 2021-22 financial year at a board of directors meeting on Friday — adding to its recent struggles on the field.
It’s the fifth consecutive year Juventus has reported a loss, and it’s 44.4 million euros ($43 million) more than in 2020-21.
Juventus said the increase in losses was mainly due to decreased income from TV rights and media revenues due to fewer Champions League matches.
Juventus was eliminated by Villarreal in the first knockout round of last season’s Champions League.
