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
Bangladesh will not play T20 World Cup matches in India, says sports adviser
- The development follows release of Mustafizur Rahman by IPL team Kolkata Knight Riders
- Bangladesh are scheduled to play three Twenty20 World Cup matches in Kolkata next month
Bangladesh will not play their Twenty20 World Cup matches in India after Mustafizur Rahman was released by his Indian Premier League team amid growing tensions between the countries, Bangladesh’s sports adviser Asif Nazrul said on Sunday.
Kolkata Knight Riders said on Saturday they had released the Bangladesh bowler after being told to do so by India’s cricket board (BCCI).
Bangladesh are scheduled to play three Twenty20 World Cup matches in Kolkata next month, with the February 7-March 8 tournament being co-hosted by India and Sri Lanka.
“Bangladesh will not go to India to play the World Cup. The Bangladesh Cricket Board has taken this decision today,” Nazrul, who is an adviser to the Ministry of Sports, said in a statement.
“We welcome this decision taken in the context of the extreme communal policy of India’s cricket board.”
Last month, hundreds protested near Bangladesh’s High Commission in New Delhi after Hindu factory worker Dipu Chandra Das was beaten and set on fire in Bangladesh’s Mymensingh district by a crowd that accused him of making derogatory remarks about Prophet Muhammad.
A total of 12 people were arrested in connection with his death.
WORSENED RELATIONS
The incident worsened relations between India and its neighbor, with ties already strained after Bangladesh’s former Prime Minister Sheikh Hasina fled to New Delhi following protests against her.
After Mustafizur’s release on Saturday, the BCB had held an emergency meeting and were planning to write to the International Cricket Council (ICC) to relocate their matches and raise concerns about player safety.
“The board said that where a Bangladesh cricketer can’t play in India despite being contracted, the entire Bangladesh cricket team can’t feel safe to go to the World Cup,” Nazrul had said.
“I have also instructed the board to request Bangladesh World Cup games to be held in Sri Lanka.”
Last year, the ICC allowed India to play Champions Trophy matches in the United Arab Emirates due to soured relations with hosts Pakistan.
On Sunday, cricket news site Cricbuzz reported that the BCB would ask the BCCI for a formal explanation regarding Mustafizur’s release.
The ICC and BCB did not immediately respond to Reuters requests for comment.
Bangladesh are due to play West Indies, England and Italy in Kolkata before ending the group stage against Nepal in Mumbai.
