Juventus increase losses, but cut wage bill by 15 per cent | OneFootball

The Juventus board of directors approved the balance sheet closing June 2024, which shows losses of €199.2m, despite lowering the wage bill by 15 per cent.

The Bianconeri have made no secret of their desire to reboot the club finances after years of over-spending by focusing on younger players as investments.

That process only really began last year and inevitably their revenue plummeted in 2023-24 by their exclusion from UEFA tournaments as a result of financial irregularities.

That increased the losses from €123.7m in June 2023 to €199.2m in the year closing June 2024.

Juventus focus on new financial approach

It was also affected by the significant reduction in the overall debts, on track with their plan to reach positive cash-flow levels in 2026/27.

As part of that plan, the salary bill has been sliced down by 15 per cent from €323.6m to €274.6m.

The board of directors approved the balance sheet and it will be discussed during the shareholders’ meeting on November 7 at the Allianz Juventus Stadium.