Juve continues to bleed red with €113m first half loss

February 26 – Juventus’s plummeting revenue due to the Covid-19 pandemic has resulted in a loss of €113 million for the first six months of the 2020-21 season.

“At present, the 2020/2021 financial year is expected to result in a loss given that, unlike the previous one, it will be entirely influenced by the effects of the pandemic,” said Juventus in a statement.

Last year, Juventus recorded a loss of €50.3 million for the corresponding period. The impact of the coronavirus pandemic, wiping out matchday revenue, has pushed the Italian champions further in the red.

Revenues went down to €258.3 million, down from €322.3 million euro in 2019-2, a drop of 20%. Costs increased slightly to €263.4 million.

Juventus reported a loss of nearly €90 million in the 2019-2020 financial year.