Juventus back to swallow losses in the financial year last season. This is the fifth time in a row the Bianconeri have experienced a balance sheet deficit.
In a document released by Juventus, Friday (23/9/2022), the 2021-22 season closed with a total loss of 254.3 million Euros (about 3.72 trillion Rupiah), greater than the loss of the previous season which was ‘only’ of 209, 9 million Euros.
This number is the largest among Serie A clubs. The increased club losses were due to lower revenues, increased operating costs, and reduced amortization and depreciation values compared to the 2020-21 season.
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Previously, directors Juventus already predicted that this loss would occur, given that the club’s finances were still affected by the impact of the COVID-19 pandemic. But the achievements of the club without a title last season also played a role here.
In the 2020-21 season, Juventus received more broadcasting rights due to the 2019-20 season matches being moved to June – August due to schedule delays due to the pandemic. So that the number of matches in that period also increased.
Last season, everything was normal. So that when Juventus were quickly eliminated in the Champions League, the amount of money received either from prizes or broadcast rights was reduced.
This is the fifth year in a row that Juventus has suffered a loss. In the 2017-18 season, they lost 19 million euros, followed by a loss of 40 million euros in 2018-19, a loss of 90 million euros in 2019-20, and a loss of 209.9 million euros in 2020-21.
Even so, net debt Juventus reduced considerably, from 389.2 million Euros to 153 million Euros. This is due to the disbursement of capital from the club of 393.8 million euros, then reduced by various expenses of 157.6 million euros.
*) 1 Euro = 14.643,62 Rupiah