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Juventus have lost €50 million due to the COVID pandemic

Fri 26 February 2021 | 18:34

Juventus have officially announced how much they have lost due to the COVID pandemic.

During the first half of the 2020-2021 financial year, the protraction of the Covid-19 pandemic generated a significant negative impact on revenues (mainly from ticket sales and product sales), which can be quantified in about €50 million; conversely, the impact on costs was not significant, since some savings related to the lack of matches were partly offset by costs related to the pandemic (mainly health safeguards and protective devices),

” the statement reads.

The old lady also announced the official transfer statistics in the last transfer window.

“The transactions finalised in the first phase of the 2020/2021 Transfer Campaign, held from 1 September to 5 October 2020, led to a total increase in invested capital of €43.6 million, resulting from acquisitions and increases of € 43.8 million and disposals of €0.2 million (net book value of disposed rights). Net expenses deriving from temporary transfers came to €9.4 million. Net capital gains generated by the disposals came to € 0.8 million.”

The Serie A giants also confirmed that they may have to sell some of their players to make up for the financial losses.

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source: SportMob