Juve’s €95m financial loss soars as Euro ban looms.

TLDR:

Juventus has reported a net loss of €95.1 million in the first half of its 2023-24 fiscal year, compared to a loss of €29.5 million in the same period the previous year. The club’s revenue declined by nearly 26% to €173.3 million between July and December 2023, primarily due to their ban from European competition this season as a result of financial irregularities. To address their financial concerns, Juventus plans to launch a €200 million capital increase by the end of April, with the Agnelli family investment arm, Exor, already committed to covering its stake of the cash call and acting as a guarantor for the remaining portion. Juventus expects to report another loss for the full fiscal year, following a consolidated loss of €124 million in the previous year, bringing their cumulative losses to over €700 million in six years. The club last recorded a net profit in the 2016-2017 season.