Thursday December 7, 2023

Juventus Reports Record Financial Loss

  • Juventus reported a $246.1 million loss.
  • The club sits eighth in Serie A.
Kirby Lee-USA TODAY Sports
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Juventus’ losses are extending beyond the pitch, with the Serie A club recording the largest financial deficit in the Italian league’s history.

The club reported a $246.1 million loss for the 2021-22 season — its fifth consecutive annual deficit. Over the past three years, Juve has recorded a combined loss of $517.45 million

The club primarily attributed the loss to the pandemic and media revenue impacts due to last season’s early knockout from the UEFA Champions League. 

Juve generated $22.21 million from the 2021-22 season-ticket campaign, a decline from pre-pandemic seasons due to leaving more tickets available for “single-access” Championship matches. The club also offered discounts to season-ticket holders to compensate for matches closed due to the pandemic.

As of June 30, 2022, the club’s net financial debt totaled roughly $148.05 million

  • One year prior, Juventus’ financial debt was around $376.15 million. 
  • Last year, the club also announced plans to raise roughly $474 million through a new share offering. It was approved by the Extraordinary Shareholder Meeting in October and completed in December.

Executive Trouble

Juventus sits eighth in Serie A and is coming off its first trophyless campaign in more than a decade. 

Fans have called on the club to fire manager Massimiliano Allegri, but Juventus president Andrea Agnelli said in December that Allegri was here to stay — Allegri is the highest-paid coach in Serie A with a contract that runs through June 2025.

Fans’ efforts have ramped up recently, with #AllegriOut trending on Twitter.

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