Juventus are facing significant financial challenges as they prepare to close their books for the fiscal year ending June 30, 2024. According to Calcio E Finanza, the Italian football giants are expected to report losses between €180-200 million, a substantial increase from the €123 million loss in the 2022/23 season and €239.3 million loss in 2021/22.
The club’s revenue is projected to fall to around €380-390 million, a sharp decline from €507.7 million reported in the previous fiscal year. This downturn is primarily attributed to Juventus’ absence from the UEFA Champions League and other European competitions. The club has estimated that the lack of participation in these tournaments has resulted in a direct revenue loss of approximately €90 million for the entire 2023/24 season.
The financial impact of missing out on the Champions League is twofold. Firstly, it affects TV rights income, and secondly, it influences other revenue streams such as matchday income and commercial opportunities. In the first half of the fiscal year alone, Juventus reported a €60 million revenue decrease directly related to the team’s non-participation in UEFA competitions.
Another factor contributing to the increased losses is the reduction in capital gains from player transfers. The previous season saw significant income from player sales, particularly the transfer of Matthijs de Ligt. Despite efforts to rationalize costs through salary reductions and amortization adjustments, these measures have not been sufficient to offset the revenue decline.
The club’s long-term financial plan aims to return to profitability by the 2026/27 season. However, the road to recovery appears challenging. The 2024/25 season is expected to see some improvement with Juventus’ return to the new format of the Champions League, although the potential financial impact of participating in the Club World Cup has not yet been factored into projections due to uncertainty surrounding the tournament’s revenue structure.
Juventus are also anticipating a more substantial reduction in costs for the upcoming fiscal year, particularly in player and technical staff salaries, amortization, and write-downs. These measures are part of the club’s strategy to stabilize its financial position and return to profitability in the coming years.
