Juventus Reports €199 Million Loss, Eyes Break-even in 2024/2025

Juventus reports a €199 million loss for the 2023/2024 financial year, with a 22% drop in revenue due to a European ban. The club targets break-even in 2024/2025.

Juventus, the iconic Italian Serie A football club, has reported a substantial financial loss of 199.2 million euros for the fiscal year ending June 2024. This marks a significant increase from the previous year’s loss of 124 million euros. One of the primary factors contributing to this financial downturn is the 22% drop in revenue, which fell to 395 million euros. The club attributes this decline mainly to its exclusion from European competitions, a consequence of accounting issues that led to a ban from international tournaments.

Despite the bleak financial outcome for 2023/2024, Juventus remains optimistic about its future. The club has forecasted another year in the red but expects to reach operating breakeven by the end of the 2024/2025 financial year. This optimism is driven by cost-cutting measures and the anticipated return to the prestigious UEFA Champions League, which will provide a substantial boost to both revenue and visibility. These factors are seen as essential steps toward stabilizing the club’s finances in the coming year.

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Juventus has faced significant financial pressure in recent years, leading to a need for external financial support. Over the past five years, the club raised approximately 900 million euros from shareholders through three separate cash call operations to strengthen its balance sheet. This financial backing was necessary to cope with rising costs, particularly in player wages and transfer fees, which have weighed heavily on the club's finances.

Looking ahead, Juventus has set ambitious goals under a business plan approved in 2023. The club aims to achieve a net profit by the 2026/2027 financial year, a challenging yet achievable target considering the measures it has already put in place. The last time Juventus recorded a net profit was in the 2016/2017 financial year, highlighting the magnitude of the financial recovery the club needs to make. However, with its strong brand, global fanbase, and strategic financial planning, Juventus is hopeful of restoring its former profitability.

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The future of Juventus will largely depend on its ability to perform well both on and off the pitch. Success in the Champions League, combined with prudent financial management, will be critical in bringing the club back to profitability. As Juventus navigates these challenges, the football world will be watching closely to see if the club can return to its glory days, not just in terms of trophies but also in financial stability.