Budget with a loss of 199.2 million, compared to 123.7 in June 2023, in the face, however, of a reduction in expenses and encouraging economic prospects. The Board of Directors of Juventus approved the 2023-24 budget project, strongly influenced by the loss of revenue from European competitions, above all the Champions Leaguewhich weighs approximately 60%. While it fell to 242.2 million pernet financial debt (in the previous year it was 339.9 million), thanks to the capital increase subscribed by the shareholders, reaching a figure that makes it lower than the real estate value of the Allianz Stadium.
The financial situation of Juventus
Although the red is still substantial, the perspective outlined by the Juventus Board of Directors is positive: if the transfer market was expensive from an economic point of view, the revenue relating to participation in the Champions League (waiting to find out what will happen to the Club World Cup) and the reduction in costs of registered staff for 4 consecutive years, which fell by over 150 million, allowed the Board of Directors to confirm the economic and financial objectives outlined in the “Strategic Plan”. Break-even is expected, i.e. budget balance between income and expenditure, in the 2024/25 financial year, “also thanks to the return to participation in the UEFA Champions League and the growing positive impact deriving from cost rationalization actions”, we read in the communication published on the company website. The budget will be submitted to the Shareholders’ Meeting scheduled for November 7th, as always at the Allianz Stadium.
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