Juventus have recorded a significant loss in the first half of the 2019/20 financial year, according to a report from today’s paper edition of the Milano based newspaper Corriere della Sera.
The report details how the Bianconeri close the first half of the 2019/20 financial year with a loss of €50.3 million, a negative change of €57.8 million compared to the profit of €7.5 million at the closure of the first half of the 2018/19 financial year. This is despite a large capital increase for the club carried out by the owners in the months leading to Christmas.
Juventus highlighted how the losses were the result of multiple things, the report continues. Two fewer league games at home compared to the first half of the 2018/19 season, which lowered revenue by €7.9 million, higher costs for registered personnel with the FIGC, which cost €30.2 million, higher fees for players’ registration rights costing €10 million and a higher amortisation and write-downs on players’ registration rights which cost €11.4 million.
The club’s current net debt is €326.9 million, the report highlights. An improvement of €136.7 million compared to the €463.6 million debt at the end of June 2019, mainly due to the capital increase made by the club’s owners.
