• Fri. Sep 24th, 2021

The Daily News Box

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Losses estimated at 89.7 million euros in 2019-20

ByRoborto Sykes

Oct 15, 2020
Andrea Agnelli, the president of Juventus Turin and also that of the European association of clubs, had predicted it during the various crisis meetings. The health context currently going through the world will hurt federations and clubs in the football sphere. The losses linked to the suspension or cessation of competitions, to the problem of TV rights, ticketing and the entire economy related to football will heavily impact the accounts of the big teams, especially European ones. This morning, the Italian leader held the annual general meeting of shareholders of Juventus Turin, by videoconference. In the attached press release, we learn that the bianconeri club “closed the accounts on June 30, 2020. For the 2019/2020 financial year, they ended with a loss of 89.7 million euros (after closing the year 2018/2019 with a loss of 39.9 million euros), covered by the use of the share premium reserve. “

Among the other information to take away from this meeting, it is mainly noted that Federico Cherubini takes the post of “director of football and reports directly to Fabio Paratici who retains direct responsibility for the first team.”