Advertisement
Sunday, Jan 23, 2022
Outlook.com
Outlook.com

Juventus Report 210 Million Euros In Losses Amid Coronavirus Pandemic

Meanwhile, Juventus said they were still clinging to the European Super League project promoted by club president Andrea Agnelli.

Juventus Report 210 Million Euros In Losses Amid Coronavirus Pandemic
While the drops were offset in part by a rise in TV rights income, overall losses were still more than twice as much as in 2019-20. | File Photo
Juventus Report 210 Million Euros In Losses Amid Coronavirus Pandemic
outlookindia.com
2021-09-17T20:05:35+05:30

Juventus reported a loss of 210 million euros (USD 250 million) for the 2020-21 financial year on Friday, attributed mainly to the pandemic's effect on the transfer market and ticket sales. (More Football News)

Revenue from player registration rights (transfer market) dropped 129 million euros (more than USD 150 million) from 2019-20, while ticket sales fell more than 41 million euros (USD 48 million) from the year before.

While the drops were offset in part by a rise in TV rights income, overall losses were still more than twice as much as in 2019-20.

Meanwhile, Juventus said it was still clinging to the European Super League project promoted by club president Andrea Agnelli, despite the quick collapse of the plan unveiled in April when nine of the 12 teams involved withdrew after a public backlash.

"As at today, it is not possible to predict with certainty the outcome and future development of the Super League project, of the legitimacy of which Juventus remains confident," the team said.

Juventus' legal case with fellow Super League rebels Real Madrid and Barcelona challenging what they say is UEFA's monopoly control of competitions is with the European Court of Justice in Luxembourg. A deadline for submissions to the court is next month.

Advertisement

Outlook Newsletters

Advertisement
Advertisement
Advertisement

Read More from Outlook

Lament Of Separation: Songs Of Habba Khatun, Last Queen Of Kashmir, Still Echo In Valley

Lament Of Separation: Songs Of Habba Khatun, Last Queen Of Kashmir, Still Echo In Valley

In happy times and sad, Habba Khatun’s sensuous songs make both young and old emotional. With the never-ending conflict bringing tragedies to every doorstep, Habba’s lyrics of separation amplify their mourning.

How Indian Laws Govern People’s Right To Love And Live

How Indian Laws Govern People’s Right To Love And Live

In India, only those relationships between a man and a woman are considered to be legitimate when there is a marriage between the two.

Kohli Quits Test Captaincy, Leaves Leadership Vacuum

Kohli Quits Test Captaincy, Leaves Leadership Vacuum

Virat Kohli, 33, had recently stepped down as India's T20I captain and was subsequently removed as the ODI captain.

UP Elections 2022: How Congress Is Harnessing Power Of 'Persecuted' Women To Counter BJP

UP Elections 2022: How Congress Is Harnessing Power Of 'Persecuted' Women To Counter BJP

A Mahila Congress leader, who is the face of the ‘Ladki Hoon, Lad Sakti Hoon’ campaign, however, has accused the party of anti-women bias after she was denied a ticket.

Advertisement