Juventus sweat on Champions League survival as profits fall


Turin (Italy) (AFP) – Juventus’s progress in the Champions League will be vital for the Italian champions’ coffers after a 40 percent drop in profits for the first half of the season was announced on Wednesday.

The six-time successive Serie A winners recorded a profit of 43.3 million euros ($52.8m) for the first half of the season to December 31, 2017, compared to 72 million euros for the same period in 2016 — a drop of 28.7 million euros.

Club president Andrea Agnelli on Wednesday approved the figures with overall revenue dropping 7.8 percent to 290.6 million euros ($354.7m).

The board of directors noted that the 2017/2018 financial year, which is currently expected to yield a loss, will be strongly influenced by results, in particular the club’s progress in the Champions League.

Juventus — runners up in the elite European competition twice in the past three seasons — play English side Tottenham in the last-16 return leg at Wembley Stadium on March 7, having drawn the first leg at home 2-2.

Juventus say the drop in profits is explained by “lower revenues from players’ registration rights totalling 45 million euros, higher costs for external services and other expenses for 12.4 million euros and for players’ wages and technical staff costs for 7.7 million euros, as well as amortisation on players’ registration rights for 13.5 million euros.”

The total debt increased 72.1 percent to 279.7 million euros, with 81.6 million of that coming from transfer spending.

25+ Channels With Sports & News
  • Starting price: $33/mo. for fubo Latino Package
  • Watch Premier League, Liga MX, MLS & World Cup
  • Includes ESPN, FOX, Univision, TUDN and more
Favorite Leagues At The Best Price
  • Starting price: $7.99/mo. for Live TV Package
  • Watch Argentine league, Brasileirāo and Copa Libertadores
  • Includes beIN SPORTS, GolTV, TyC Sports and more
Many Sports & ESPN Originals
  • Price: $6.99/mo. (or get ESPN+, Hulu & Disney+ for $13.99/mo.)
  • Features LaLiga, Bundesliga, MLS, Copa del Rey & more
  • Also includes daily ESPN FC news & highlights show
Live TV, Soccer & Originals
  • Starting price: $4.99/mo.
  • Features Champions League, Serie A, Europa League & more
  • Includes CBS, Star Trek & CBS Sports HQ
175 Premier League Games & PL TV
  • Starting price: $4.99/mo. for Peacock Premium
  • Watch 175 exclusive EPL games per season
  • Includes Premier League TV channel plus movies, TV shows & more
Get All 3 And Save 30%
  • $13.99/mo. for ESPN+, Disney+ & Hulu
  • Includes Bundesliga, LaLiga, NHL & the home to UFC
  • Features Marvel, Star Wars + shows & movies for your entire family

Leave a Reply

Translate »