Juventus ended the 2022-23 financial year running at losses of circa €115m, calculated La Gazzetta dello Sport from parent company Exor’s statements.
Exor is the holding company for the Agnelli empire and run by John Elkann, the cousin to former Juve President Andrea Agnelli.
Their financial balance sheet was released this week and La Gazzetta dello Sport have extrapolated from those figures roughly how Juventus have been faring in one of the toughest years of their history.
The club was docked 10 Serie A points and excluded from UEFA competition for artificially inflating transfer fees to boost capital gains, although Juve have maintained throughout the process that their interpretation of the accounting is valid.
These calculations suggest that Juventus ran at a loss of €115m for the 2023-23 financial year, closing June 30.
It will be made official next week in the Board of Directors meeting.
That represents a huge improvement on last year’s losses of €239m, which were also affected by the pandemic taking away revenue from the stadium.
While Juventus struggle, Exor continues to flourish with profits of €2.2bn for the first half of 2023.