Juventus reveal run at loss of €71.4m following COVID-19. This was a difficult year for the Bianconeri and not just due to the pandemic.
Juventus released their financial statements for the year ending 2020, running at a loss of €71.4m, but saved €90m with player wage reductions during the lockdown.
This was a difficult year for the Bianconeri and not just due to the effects of the COVID-19 pandemic.
The club is running at a loss of €71.4m, “marking a negative change of €31.5m compared to the loss of €39.9m registered in the previous year.
Because of the share capital increase of €298m in January 2020, the debt situation is not as bad as it could’ve been.
The statement also clarifies that Juventus saved approximately €90m by agreeing with the players and coach to reduce their salary during the lockdown in March, April, May and June 2020.
Credit: Football Italia