Juventus Football Club’s Board of Directors has approved the consolidated financial statements for the fiscal year ending June 30, 2024. The report reveals a significant loss but also shows progress in reducing the club’s overall debt.
The Turin-based club reported a consolidated loss of €199.2 million, an increase from the previous year’s loss of €123.7 million. However, it’s important to note that approximately 60% of this loss stems from non-recurring negative factors, primarily the club’s absence from UEFA competitions and other one-time expenses.
Despite the substantial loss, there is a silver lining in the financial report. Juventus has managed to reduce its net financial debt to €242.8 million, a considerable decrease from the previous fiscal year. This reduction was achieved through the completion of a capital increase and proceeds from the non-recourse sale of receivables from foreign football clubs. These measures more than offset the lost revenue from not participating in UEFA competitions.
The club’s statement highlighted that the current debt is now lower than the market value of the Allianz Stadium, which is complemented by the ownership of the club’s headquarters and two training centers.
Looking ahead, Juventus expressed optimism about its financial trajectory. The club anticipates a high probability of reaching operational break-even in the 2024-2025 season. This projection is supported by a consistent reduction in personnel costs over four consecutive years, which have decreased by over €150 million.
Furthermore, Juventus reaffirmed its strategic plan’s objective to achieve net profit and positive cash flow by the 2026-2027 season.
