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Juventus announce €89.7m loss

Juventus have announced a loss of €89.7m in 2019-20 after the annual Shareholders’ Meeting.

The Old Lady released a statement revealing a different Shareholders’ Meeting in 2020, without physical participation in order to ‘minimise the risks associated with the ongoing health emergency’.

The Bianconeri reported a loss of €89.7m in the financial year ending on June 30, 2020, of which €39.9m derived from the previous year.

“The ordinary Shareholders’ Meeting of Juventus Football Club SpA met in Turin today,” a statement read.

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“In order to minimise the risks associated with the ongoing health emergency linked to the spread of COVID-19, the participation of those entitled to vote in the Shareholders’ Meeting took place exclusively through the designated representative, without physical participation by the shareholders.

“The Shareholders’ Meeting approved the financial statements on June 30, 2020, which closed with a loss of €89.7m (among which €39.9m refer to the 2018-19 financial year).”

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