By Daily sports on October 16, 2020
The Juventus club crest seen outside Allianz Stadium in Turin, Italy, March 12, 2020. (Reuters Photo)
Juventus recorded losses of 89.7 million euros ($105 million) for the financial year to June 30, the Italian league champions announced on Thursday.
Club president Andrea Agnelli chaired the Ordinary Shareholders’ Meeting in Turin through video conference because of the coronavirus pandemic.
And the nine-time reigning Serie A champions reported a deficit which included the 39.9m euro shortfall from the previous financial year.
“The Ordinary Shareholders’ Meeting approved the financial statements as of 30 June 2020, reporting a loss of 89.7 million euros (compared to a loss of 39.9 million euros in 2018/2019), which was covered by using the share premium reserve,” Juventus said in a statement.
The Turin giants also announced a new organisational structure with Federico Cherubini taking over as new football director.
Juventus’ “new organisational structure envisages the concentration of the club’s activities in two macro-structures: the Football Area and the Business Area”.
“Federico Cherubini assumes the role of Football Director, directly reporting to Fabio Paratici, who maintains the direct responsibility of the First Team,” the team added. (AFP)
•PHOTO: Juventus players
Source Daily sports
Posted October 16, 2020
You may also like...
Onyekuru: I am ‘waiting and working’ to move...
Stop Chanting In Support Of Abramovich Chelsea Fans...
Barca rout Celta, Benzema leads Real
NBBF invite 14 players for D’Tigers’ AfroBasket campaign...
Usain Bolt signs for football team
Europa League Draw: Arsenal Face Rennes and Chelsea...

England battle Norway as Argentina face Swiss in World Cup last eight
World Cup: Spain, France semi-final clash, final before the final – De la Fuente
African results justify World Cup slots increase amid criticism
Everyone expects Spain to beat us, says Belgium coach
Okoye backs France to win World Cup
Joshua, Fury opponents vow to ruin mega-fight plans
C’wealth Games: Olopade targets swimming, judo breakthrough
Teen girl dies celebrating France’s World Cup win
Balogun apologises to fans after US W’Cup exit
Eaglets suffer second defeat in China tourney
Alalshikh sets condition for Joshua, Fury Wembley fight
France urges calm during World Cup game against MoroccoFrance urges calm during World Cup game against Morocco
Rangers International going, going . . . (63,945 views)
Amaju Pinnick: A cat with nine lives (55,283 views)
Second Term: Amaju Pinnick, Other NFF Heavyweights Home to Roost •How Pinnick Broke the Jinx (53,191 views)
Current issues in Nigerian sports: Matters arising (52,801 views)
Sports Development: Zenith Bank on the zenith (52,686 views)
Missing $150,000 IAAF Grant: Solomon Dalung’s Hide and Seek game (52,554 views)
Gov. Abdullahi Ganduje’s solid footprints, commitment to sports development in Kano State (52,442 views)
NFF Presidency: Pinnick, Maigari, Ogunjobi, Okoye in Battle for Supremacy (51,962 views)
Olopade, BET9A wave of revolution in NNL (51,177 views)
Commonwealth Games 2018: Shame of Muhammadu Buhari, Solomon Dalung (49,645 views)
Ibrahimovic’s Man U exit: Whose decision is it? And in whose interest? (48,123 views)
John Mikel Obi: Segun Odegbami’s Outrageous Call! (47,512 views)