Juventus announce €210 million losses in the 2020/21 season

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Juventus have announced that they have suffered a loss of €210 million last season, due to the pandemic effect and closed stadiums. The figure rising up to that much was expected, as mid-way through the season Juventus already announced a $114 million loss. However, this season there is the hope of recovering from the losses as the covid rules are eased.

From March 2020, football games were played without the fans in the stadium, while matches were suspended for almost three months. The matches resumed from July 2020 with the club and players following strict covid rules. No fans were allowed in the stadium, while the players had to go through prior covid checks before the games.

Starting off the 2020/21 season, the clubs hoped to recover the loss with the fans returning to the stadium from the mid-season. However, it didn’t go as planned because the world was hit with the second wave of the coronavirus. Following which the clubs had to go through more losses.

Ticket sale is the major income of the clubs which they were deprived of last season. Following which all the clubs had to suffer huge losses and they are still trying to recover it. Some suffered more than €700 million while some restricted it to €100 million. But every club was together in suffering losses.

While Juventus was also one of them who reported a €210 million loss last season. However, they managed the situation at the start of the 2021/22 season. As they didn’t make in any big signings in the summer transfer window. While they sold out some players, like Cristiano Ronaldo to lower their budget.

And with almost 50-60% fans allowed in the stadium Juventus look to recover from the losses slowly. And we might see big spending’s from the Serie A giants in the next summer transfer window.

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