Juventus Turin recorded losses of almost 200 million euros at the end of the 2023/24 season. The most successful club in Italian football had not yet played in any European competition.
Juventus suffered heavy losses in 2023/24
ATS
According to its results published Friday, Juve saw its losses increase from 123.7 million euros to 199.2 million euros over one year, an increase of 62% in twelve months. Turnover fell to 394.7 million euros, compared to 507.7 million a year earlier, a drop of 22.3%.
“The results of this exercise were significantly penalized by the direct effects of the non-participation of the men’s first team in the Champions League,” Juve explained in its press release.
According to her, this shortfall between TV rights, ticketing and partnerships is estimated at 90 to 95 million euros “based on the average revenue in this area over the three previous seasons”.
In 2023/24, Juve won the Italian Cup and finished 3rd in Serie A but did not participate in any European competition after being doubly penalized the previous season at Italian level for a resounding accounting scandal (deduction of points) and at European level for non-compliance with financial fair play (depriving it of the Conference League).
Exceptional expenses
Juventus’ financial results were also penalized by exceptional expenses of 35.9 million, to terminate the contract of its coach Massimiliano Allegri and his staff and to settle the case opposing him to his ex-star Cristian Ronaldo in which she had to pay 9.7 million euros in salary arrears for the 2020/21 season.
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