Juventus approve 2023-24 budget with €199.2m in losses | OneFootball

Juventus have confirmed that the club made losses of €199.2m during the most recent financial year, but have reduced club debts by just shy of €100m after the conclusion of the club’s annual shareholder meeting on Thursday.

Juventus approve 2023-24 budget at annual shareholders’ meeting

265 shareholders were in attendance in Turin on Thursday, as were several high-profile Bianconeri executives including President Gianluca Ferrero, CEO Maurizio Scanavino and club legend Giorgio Cheillini, who recently returned to the club as head of football institutional relations.

The Juventus budget for 2023-24 was approved with 99.2% of the shareholders in attendance.

The club have confirmed losses of €199.2m. Scanavino made it clear that the club were down by around €130m in terms of revenue due to their non-participation in the Champions League or any other European competition last season.

The club’s actual revenue total was around €395m in 2023-24, which is expected to increase next year after Juve’s return to the Champions League.

It has also been confirmed that club debts currently stand at around €242m, which is down by just shy of €100m compared to last year’s figure, which stood at €329m.