Juventus have announced a record loss of 254.3 million euros in their latest financial report.
The Bianconeri have been struggling with the aftermath of the 2020 covid pandemic and it continues to take a toll on their finances.
As one of the biggest clubs in the world, they have continued to spend money to bolster their team to keep it competitive.
Yesterday they announced their latest finances as Italy took on England.
It seems deliberate to have broken the bad news at the time because it is the highest loss ever recorded by a Serie A club, according to Football Italia.
It means that they have lost more than last year when they recorded a deficit of 209.9 million euros, and the report reveals that it is now the fifth consecutive year that they have been in the red.
Juve FC says
This loss is huge and could get the club into serious trouble unless we address the recurring problem.
Ending each season in financial trouble will eventually catch up with us and we wouldn’t want to be in that situation.
The club knows this and we hope they are making plans to get the team profitable again.
With fans eschewing season tickets and more players expected to be signed in the summer, it’s hard to see the team turning a profit in the next financial year.
