Juve, Board of Directors approves financial statements: loss of 254.3 million

The Juventus Board of Directors approved the consolidated financial statements for the year ended 30 June 2022, which show a loss of 254.3 million (209.9 million as of 30 June 2021).

The 2021/2022 financial year, Juventus highlights, “was still significantly penalized by the persistence of the health emergency connected to the pandemic caused by Covid-19 and by the consequent restrictive measures imposed by the Authorities. The pandemic has significantly affected – directly and indirectly – revenues from matches, revenues from sales of products and licenses and revenues from players’ rights management, with a consequent inevitable negative impact of both an economic and financial nature “.

“The economic result and the operating cash-flow for the 2022/2023 financial year – albeit influenced by the unfavorable economic, financial and political context – are expected to significantly improve compared to those of the 2021/2022 financial year, still significantly penalized by the direct and indirect effects of the Covid-19 pandemic “, highlights the club, turning the spotlight on the future.

“The expected improvement – not such, at the moment, as to predict the achievement of break-even from the current financial year – also derives from the incisive actions to develop revenues and rationalize costs set up starting from the 2020/2021 financial year and effective in the medium term. As usual, the economic, equity and financial performance of the current year will be influenced by the performance of sporting results – in particular, the UEFA Champions League – and by the second phase of the 2022 Transfer Campaign. / 2023 “.

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About David Martin

David Martin is the lead editor for Spark Chronicles. David has been working as a freelance journalist.

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