Juventus have announced a €43.3m profit for the first half of the year, a decrease of €28.7m.
President Andrea Agnelli has today approved the figures up to December 31 2017, with revenue falling 7.8 per cent to €290.6m.
That saw the club's profits fall from €72m to December 31 2016 to €43.3m this year.
Juventus have announced a €43.3m profit for the first half of the year, a decrease of €28.7m.
President Andrea Agnelli has today approved the figures up to December 31 2017, with revenue falling 7.8 per cent to €290.6m.
That saw the club's profits fall from €72m to December 31 2016 to €43.3m this year.
The fall in profits is explained by “lower revenues from players’ registration rights totalling €45m, higher costs for external services and other expenses for €12.4m and for players' wages and technical staff costs for €7.7m, as well as amortisation on players' registration rights for €13.5m.”
It was also noted that the club achieved “higher revenues from core operations”, as well as “decreases in expenses from players’ registration rights”.
The total debt increased 72.1 per cent to €279.7m, with €81.6m of that coming from transfer spending.
As of December 31, Juventus had bank lines of credit totalling €546.1m.
