According to Calcio&Finanza Juventus will announce losses of over €240m for 2021-22.
The reliable financial website claims Exor’s semestral report has confirmed losses of €132m for the Serie A giants from January to June 2022. Considering that Juventus closed the first six months of the financial year down to €119m, the Bianconeri should announce losses of almost €250m for 2021-22.
Exor is the holding company belonging to the Agnelli-Elkann family owning a majority stake (63.8%) in the club.
Juventus’ shareholders will gather between September 16 and 23 to approve the club’s economic results for 2021-22.
The Serie A giants have announced losses in every fiscal year since 2017-18. According to La Stampa, they cut their wage bill by €20m this summer and earned €33m for the transfer window.
According to the report, as quoted by Calciomercato.com, club directors are putting pressure on Max Allegri to go as far as possible in the Champions League, the only competition that can give a fresh cash injection into the club.
Juventus were eliminated in the Round of 16 in the last three seasons.