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
UAE dethrone Algeria as Jordan edge Iraq to reach Arab Cup semi-finals
- Jordan repeat Asian Cup triumph over Iraq with a 1-0 victory, Ali Olwan scoring from the spot for the 4th time in 4 consecutive matches
- UAE end Algeria’s reign as Arab Cup champions with a 7-6 penalty-shootout win after the game ends 1-1
DOHA: The UAE and Jordan booked their places in the Arab Cup semi-finals on a dramatic day of quarter-final action in which the defending champions were eliminated and a regional rivalry was renewed.
Jordan repeated their Asian Cup triumph over Iraq with another narrow victory, as Ali Olwan extended his remarkable streak of scoring from the spot to four consecutive matches.
His first-half penalty was the only goal in a cagey encounter with few clear-cut chances for either side. Jordan dominated early on but were dealt a blow when star forward Yazan Al-Naimat was forced off with a knee injury.
Iraq improved after the break, with the talismanic Ali Jasim injecting a sense of urgency and twice drawing smart saves from Yazeed Abulaila, first with a fierce long-range strike and then a driven effort moments later.
Jordan nearly sealed the victory with a second goal late on when Mohannad Abu Taha, who scored with a spectacular long-range strike earlier in the tournament, hammered another powerful attempt just wide.
Nevertheless, the Jordanians held firm to set up a semi-final clash with Saudi Arabia on Monday.
The second quarter-final delivered even more drama, as the UAE ended Algeria’s reign as Arab Cup champions with a sudden-death, penalty-shootout win.
Algeria dominated the opening half and twice found the net, only for both goals to be ruled out. They finally made their pressure count just 50 seconds after the restart, when Adil Boulbina fired home after Yacine Brahimi’s strike was parried into his path.
The UAE had struggled to gain a foothold in the game but hit back through Bruno, who converted a pinpoint, inswinging cross from Yahya Al-Ghassani midway through the second half.
As Algeria pressed for a winner they were nearly punished at the end of regulation time when Lucas Pimenta’s fine header forced a sharp save from Farid Chaal.
Extra time offered chances for Brahimi and substitute Zakaria Draoui to put Algeria ahead again, but the breakthrough never came.
And so to the shootout, in which the UAE goalkeeper, Hamad Almeqbaali, denied Mohammed Khacef before Richard Akonnor coolly dispatched the decisive kick to make it 7-6 on penalties and set up a semi-final clash with Morocco, also on Monday.
