Shareholders’ assembly at Juventus approves the financial statement which shows a yearly loss of €123 million. But it is a big improvement compared to the last season
A few days before the big match against Inter, Juventus holds a shareholders’ which approved the financial statement for the ‘fiscal year’ which ends on June 30, 2023.
CEO Maurizio Scanavino spoke about the clubs achievements during the year: “We concluded the last season with a third-place finish on the field, then we were relegated to the 7th position due to some penalties we recieved by the league. We achieved excellent results with the Next Gen, reaching the final of the Coppa Italia. This year too, we have Next Gen players in the first team. Apart from the ‘veterans’ Miretti and Fagioli… Iling Jr, Yildiz, Huijsen, and Nonge have joined, showing great potential for the team.” He also praised J Women as an “example of the club’s modernization.
Then the CEO praised the new Sporting Director Giuntoli and his transfer campaing. 22/23 transfer window was characterized by financial balance, with the goal of maintaining the competitiveness of the squad.
The arrivals of Bremer, Kostic, Milik, and Cambiaso were offset by the departures of De Ligt and Kulusevski. The income statement shows a revenue growth of €64 million and a cost reduction of €41 million.
In the 23/24 season market, the most significant operation was Weah‘s arrival, bringing talent and potential, and the most significant departure was Zakaria. Also some important renewals were made, such as the new contracts for Danilo and Rabiot.
Although Juventus financial year ends with €123 in minus, the numbers have significantly improved and the losses were halved compare to the last season when Juventus was in red for €238 Million.
