Juventus post near €200 million loss for 2023/24 season
The Peninsula
Milan: Juventus announced on Friday that they recorded losses of nearly 200 million euros for last season, the latest set of the Serie A club s accoun...
Milan: Juventus announced on Friday that they recorded losses of nearly 200 million euros for last season, the latest set of the Serie A club's accounts to be deeply in the red.
In a statement, Juventus said that they had lost 199.2 million euros ($222.3 million) in the 2023/24 campaign, a significant increase on the 123.7 million-euro loss for the previous season.
Juve said that the losses were chiefly caused by the "non-participation of the men's first team in the UEFA Champions League", which cost the club around 90-95 million euros and led to revenues dropping to 360 million euros.
The Turin giants were banned from European football for a year in July 2023 after breaching governing body UEFA's Financial Fair Play regulations.
Juve would have not participated in last season's Champions League in any case due to a 10-point penalty in Serie A for accounting offences relating to transfers, causing them to finish seventh in 2022/23.
