Juventus have announced their record-breaking losses of €254.3m, more than any club in the history of Serie A.
The Bianconeri held their Board of Directors meeting this evening and announced the results during Italy’s Nations League match with England.
They were perhaps hoping to bury the bad news, because it is a new record loss of €254.3m on the balance closing on June 30, 2022.
That is an increase on the €209.9m losses they had in the year ending June 30, 2021.
It is Juve’s fifth consecutive year making losses, as they ended 2017-18 in the red at €19m, rising to €40m in 2018-19, then €90m in 2019-20 and €210m last year.
These figures are also still affected by the COVID pandemic and the additional costs, as well as reduced revenue, during that period.
In fact, the revenue from the stadium has increased from €8m to €32m, but has not yet reached the €74m it had in 2018-19.