Juventus have posted a loss of €39.9m for the 2018-19 budget but aim to raise €300m through an increase in share capital.
Juve’s shareholders approved the budget and increase in share capital at their annual meeting on Thursday, with President Andrea Agnelli reiterating his confidence in the club’s operations.
“Its main objectives are sports competitiveness, the increase in the Juventus brand and the consolidation of the economic balance,” Agnelli explained to his fellow stakeholders, reports the Bianconeri’s official Twitter account.
“I am pleased to underline how the managers of the three areas on which our model is based have grown here, at Juventus.
“We have gone from a capitalisation of €162m to almost a €1.5bn, a more than satisfactory path.
“We avoid giving forecasts, but we can say that the plan must lead Juventus to further enhancement.
“The new forms of entertainment in a perspective of 5-10 years can change the current landscape of rights.
“The main topic that FIFA should focus on is the international calendar. The new competitions must be introduced after an overall analysis.
“The transfer market has grown a lot for all European teams. We have all responded today because we are a team that manages responsibilities with precise and defined tasks.”
The capital increase must be completed by September 30, 2020 – which marks the end of the 19-20 financial year.
fauadeilop
444
Theire Jersey Sale money after CR7 joined is enough to make compensation for any lose lol 😂 it's even bigger than many big clubs Anual income 😂
Lababidi
252
its the second year in raw we register losses. hope with this sharehold increase and season results will get back to positive results.
mateztekeh
237
Plzzzz am confused I saw Af post saying Juve received boom and now they say they loss 39.9m boy that money can change my town let them be certain is juve loosing money or making profit?
BiplabCr7RMD
157
Cr701 has change the financial condition of this whole Juve inside and outside the pitch..... Cristiano Ronaldo is not just a name it's a brand