Juventus Report Losses Of 89.7m Euros

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...
Watford’ve confidence in Ighalo – Mazzarri

Wolves Held At Home By Leicester After VAR...

Lampard reveals how Aguero reacts to club fines...

Joshua and Ruiz Set for Saudi Arabia Rematch...

Why I Lost Respect for Anthony Joshua —...

Agent Sets Condition For Osimhen’s Napoli Exit

 

Latest News Kwara confident of hosting Confed Cup in Ilorin Aina undergoes successful surgery Young boxers shine at Yucateco Showdown Series 81 golfers for Nigeria Maritime Golf Challenge B’ball: Dolphins upset MFM in Zenith league opener Onuachu leads outrage against Turkish league refereeing Beating Amusan to hurdles title shocks Kambundji Norway coach wary of Flying Eagles’ physique NSC clears athletes’ allowances, bonuses at World Athletics Championships I put the whole country on my back – Amusan Amusan bags $55k with World Champs silver medal Sports kits not inferior, NSC boss replies to Amusan’s criticism

 

Most Read Rangers International going, going . . . (59,678 views) Amaju Pinnick: A cat with nine lives (50,869 views) Second Term: Amaju Pinnick, Other NFF Heavyweights Home to Roost •How Pinnick Broke the Jinx (48,851 views) Sports Development: Zenith Bank on the zenith (48,442 views) Current issues in Nigerian sports: Matters arising (48,442 views) Missing $150,000 IAAF Grant: Solomon Dalung’s Hide and Seek game (48,417 views) Gov. Abdullahi Ganduje’s solid footprints, commitment to sports development in Kano State (48,237 views) NFF Presidency: Pinnick, Maigari, Ogunjobi, Okoye in Battle for Supremacy (47,792 views) Olopade, BET9A wave of revolution in NNL (46,910 views) Commonwealth Games 2018: Shame of Muhammadu Buhari, Solomon Dalung (45,488 views) Ibrahimovic’s Man U exit: Whose decision is it? And in whose interest? (43,942 views) John Mikel Obi: Segun Odegbami’s Outrageous Call! (43,363 views)

 

Phone numbers

Tel: +234(0)8066020976
+234(0)8055068145
+234(0)7013416146
+234(0)8094272884

Email addresses

info@dailysportsng.com
support@dailysportsng.com
publisher@dailysportsng.com

Office address

No 3, Adetoun Close, Off College Road, Ogba, Ikeja Lagos.
Website: www.dailysportsng.com

Social Media