Serie A: Juventus reports 210 million euros in losses during Covid-19 pandemic

Serie A: Juventus reports 210 million euros in losses during Covid-19 pandemic
Serie A: Juventus reports 210 million euros in losses during Covid-19 pandemic

Serie A: Juventus reports 210 million euros in losses during Covid-19 pandemic: Juventus reported a loss of 210 million euros ($250 million) for the 2020-21 financial year on Friday, attributed mainly to the pandemic’s effect on the transfer market and ticket sales.

Revenue from player registration rights (transfer market) dropped 129 million euros (more than $150 million) from 2019-20, while ticket sales fell more than 41 million euros ($48 million) from the year before.

While the drops were offset in part by a rise in TV rights income, overall losses were still more than twice as much as in 2019-20.

Serie A: Juventus reports 210 million euros in losses during Covid-19 pandemic

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Meanwhile, Juventus said it was still clinging to the European Super League project promoted by club president Andrea Agnelli, despite the quick collapse of the plan unveiled in April when nine of the 12 teams involved withdrew after a public backlash.

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