Juventus announces loss of more than 110 million euros due to the pandemic | Football | sports

The deficit is more than double that registered in the first half of the 2019-2020 period (50.3 million euros; 61.5 million dollars).

AFP

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February 25, 2021 – 4:15 pm

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The Juventus announced this Thursday losses of more than 110 million euros in the first half of its 2020-2021 financial year, a significant drop compared to the same period of the previous season, largely due to the coronavirus pandemic.

This deficit of 113.7 million euros (139 million dollars) is more than double the one registered in the first semester of the period 2019-2020 (50.3 million euros; 61.5 million dollars), according to the statement of the Italian team.

“During the first semester, the prolongation of the pandemic has had a negative impact on revenues of about 50 million euros,” said Juventus, recalling that the measures used to fight the pandemic have effects on the ticket office (games on goal). closed).

The club announced losses of 89.7 million euros (almost 110 million dollars) in the total of the 2019/2020 financial year, closed on June 30.

The ‘Juve’ expects to end up in the red again in the current campaign, without specifying the extent of that deficit expected by the “great uncertainty” that the health situation brings.

The Old lady However, it specified that it does not suffer a liquidity crisis and that its activity was not threatened.

Juventus president Andrea Agnelli, also president of the European Club Association (ECA), had estimated at the end of January that the health crisis could reduce between 6,500 and 8,500 million euros (between 7,895 and 10,324 million) income from European football clubs.

This range represents a clear reassessment with respect to the study carried out in the summer of 2020 by the ECA, which spoke of 4 billion euros (4.858 million dollars) of losses, accumulated in two seasons. (D)

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