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
https://arab.news/9hxwx
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
Mohammed Ben Sulayem re-elected as president of FIA
- He starts his second 4-year term following the election of his presidential list by the General Assembly in Tashkent
DUBAI: FIA, the global governing body for motor sport and the federation for mobility organizations worldwide, today confirmed that Mohammed Ben Sulayem has been re-elected as its president, following the election of his presidential list by the General Assembly in Tashkent, Uzbekistan.
Ben Sulayem now begins his second four-year term, having overseen a period of significant renewal and stabilization for the organization since his initial election in 2021.
Over the past four years, FIA has undergone a wide-ranging transformation, improving governance and operations and restoring the financial health of the federation. These changes have strengthened FIA’s position as the world’s governing body for motorsport and the leading authority on safe, sustainable, and affordable mobility.
Under Ben Sulayem’s leadership, FIA reversed a $28 million loss in 2021 to a robust operating result of $5.5 million in 2024, the strongest financial result the federation has seen in almost 10 years.
At the FIA Annual General Assemblies, the organization announced a 2025 operating result forecast of $5.1 million, showing continued momentum and sustained financial improvement. This renewed stability has enabled increased long-term investment in member clubs and strategic programs worldwide.
Underpinning this momentum is wider institutional reform over the last four years, with strengthened budgetary discipline, enhanced external audit processes and modernized governance structures, resulting in greater transparency, accountability and professional standards across the organization.
In addition to these reforms, FIA has established a commercial function and strengthened its global institutional identity across both motorsport and mobility, expanding regional development activity, supporting grassroots participation, and deepening engagement with international partners on safety, sustainable mobility and the future of transport.
Ben Sulayem said: “Thank you to all our FIA members for voting in remarkable numbers and placing your trust in me once again. We have overcome many obstacles, but here today, together, we are stronger than ever.
“It is truly an honor to be FIA president, and I am committed to continuing to deliver for the FIA, for motorsport, for mobility, and for our member clubs in every region around the world.”
