Juventus increased revenue by 32.8 per cent in the last financial year, but still recorded a loss of €15.9m.
The club held its Board of Directors meeting today and approved the draft financial statements for the financial year endind June 30 2013.
Although it closed with a loss of €15.9m, this was significantly less than the €48.6m of the previous financial year.
Much of that was helped by a 32.8 per cent increase in revenues, which climbed to €70m, of which €65.3m were down to television and radio rights for the Champions League.
There was also an increase in operating costs of €20.8m, 10 per cent more than the financial year 2011-12.
The total Juventus debt as of June 30 2013 stood at €160.3m.
This statement also confirmed the Bianconeri saved €1.9m in wages by terminating Lucio’s contract in December 2012.
The 2012-13 season ticket campaign made a net revenue of €19.8m, an increase of 30.3 per cent.
Think you know your Italian football? Share your knowledge, tips and comments to win cash prizes in OLBG's tipster competition  - £11,000 to be won monthly!