Saturday September 30, 2023

Juventus Closes Books on $255M Loss, Enters New Era

  • Juventus shareholders approved a revised financial showing a record loss.
  • The team's board resigned in December.
Kirby Lee-USA TODAY Sports
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Juventus finalized its numbers for a tumultuous financial year as it looks to its next chapter as a club.

Shareholders approved the team’s financial statement ending June 2022, which showed a $254.8 million loss.

  • The club attributed the record financial hit to the pandemic and an early elimination in the UEFA Champions League.
  • The publicly traded team released a revised financial statement on Dec. 2 following questions from CONSOB, Italy’s regulatory body for securities markets.
  • Juve announced on Nov. 28 that its entire board of directors would resign over irregularities in its financial statements regarding player transfers

Juventus’ stock is down nearly 7% on the year but up 25.4% since the board announced its resignation. 

The club currently sits in third place in Serie A, which would be an improvement over the previous two years’ fourth-place finishes but below the team’s lofty standards. Juventus was the top team in Serie A for nine consecutive seasons ending with the 2019-20 campaign.

Former Juventus chairman Andrea Agnelli talking to media in front of team logo

Former Juventus Executives Could Be Facing Indictments

An iconic Italian soccer club continues to be shrouded in controversy.
December 1, 2022

Probe Goes Into Extra Time

Italian prosecutors are seeking to reopen an investigation around the accounting practices of Juventus and other clubs. 

A court previously cleared all 11 clubs and 59 individuals under investigation, including Juventus chairman Andrea Agnelli, who has since resigned. Prosecutors are seeking revised charges against nine clubs, including Juventus and 52 people.

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