TURIN: Juventus have again recorded a substantial decrease in its year-on-year financial losses as its revenues for the year ending June 30, 2013 were boosted by its run to the quarter-finals of the UEFA Champions League.
The Serie A champion’s 2012-13 financial year closed with a loss of E15.9m compared to the figure of E48.6m from the previous year. Juventus had lost E95.4m in the 2010-11 year. The Turin giant said that its improved financial position was primarily due to its participation in the Champions League.
Juventus earned E65.3m from Champions League media payments last season, more than finalists Bayern Munchen and Borussia Dortmund along with any other European club. This saw revenues jump by E70m to E283.8m for the financial year.
The club also benefited from the first year of its new shirt sponsorship deal with Jeep. Signed in April 2012, Jeep replaced Betclic as the Serie A giant’s lead sponsor under a three-year deal worth a fixed sum of Eur35 million.
However, Juventus said the net debt increased by E32.6m to E160.3m over the year – with the club citing its activity in the transfer market as the main cause of this development. Looking ahead to 2013-14, Juventus said it expected to continue its improvement but still register a loss for the current season.
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Thursday, September 26, 2013
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Juventus has again recorded a substantial decrease in its year-on-year financial losses as its revenues for the year ending June 30, 2013 were boosted by its run to the quarter-finals of the UEFA Champions League…. read more |
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A Brazilian judge has proposed that Manaus’ Amazonia Arena be used as a prisoner processing centre after the 2014 FIFA World Cup, amid fears that the facility could become a ‘white elephant’…. read more |
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Manchester United has said it will not fight a council ruling which gives its Old Trafford home a protection status…. read more |
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Matt Wright, head of communications for Back in Football, discusses the developing role of CSR in the game…
A decade ago, any argument concerning corporate social responsibility (CSR) in football focused on what could or should be done by clubs and players. It’s testament to the progress that has been made since then that this discussion has largely moved on to address how much should be done…. read more
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