TURIN, Italy: Juventus reported a loss of 210 million euros ($250 million) for the 2020-21 financial year on Friday, attributed mainly to the pandemic’s effect on the transfer market and ticket sales.
Revenue from player registration rights (transfer market) dropped 129 million euros (more than $150 million) from 2019-20, while ticket sales fell more than 41 million euros ($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.
Juventus reports 210 million euros in losses amid pandemic
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Juventus reports 210 million euros in losses amid pandemic
- Revenue from player registration rights (transfer market) dropped 129 million euros from 2019-20
- Ticket sales fell more than 41 million euros from the year before
Benzema’s goal propels Al-Ittihad to victory in Asian Champions League
- The victory moved Al-Ittihad to sixth place in the 12-team Western group
JEDDAH, Saudi Arabia: Karim Benzema’s second-half strike was enough to give Al-Ittihad a 1-0 win over Nasaf Qarshi of Uzbekistan on Tuesday, placing the Saudi title holders within sight of the Asian Champions League Elite knockout round.
The French striker volleyed home from close range at the far post after 57 minutes, meeting a cross from Portuguese winger Roger Fernandes.
The victory moved Al-Ittihad to sixth place in the 12-team Western group. With the top eight from the East and West advancing to the round of 16, a win against Qatar’s Al-Gharafa in the next match would clinch advancement for the two-time champion.
Elsewhere, Roberto Mancini delivered Al-Sadd’s first win in dramatic fashion.
Trailing 2-1 to Al-Ahli Dubai after 90 minutes, the Qatar club scored three goals in stoppage time to win 4-2, with Spanish striker Rafa Mujica completing his hat trick, and keep faint hopes of advancing alive.
