Champions League success vital if Juventus to escape financial strife

For a club that won nine Serie A titles in a row from 2012 until 2020, two seasons without a league title represents something of drought. (AFP)
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Updated 12 September 2022
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Champions League success vital if Juventus to escape financial strife

  • Club has endured major losses in last 5 years, troubles continue on pitch too

These are uncertain times for Juventus. For a club that won nine Serie A titles in a row from 2012 until 2020, two seasons without a league title represents something of drought.

And currently, a third looks very likely.

On Sunday, another ordeal ended in late drama as Juventus looked to be heading to a home loss against Salernitana, only for the team to salvage a late draw, and then think they had won it before a last-ditch goal was disallowed.

In the end the 2-2 draw felt like an injustice after the video assistant referee disallowed what looked a clear winner for the Old Lady deep into stoppage time.

But the Turin club have bigger problems, ones that can only be fixed with a hugely successful season and a deep run into the Champions League knockout stages.

After losses of $213 million in the 2020-21 season, similar problems arose last season (2021-22), with the club once again stuck in the red.

Exor, the holding company of the Agnelli family that owns 63.8 percent of Juventus’ shares, oversaw club losses of $133 million in the six months ending Dec. 31, compared with a $115 million loss over the same period a year earlier.

The Bianconeri shareholders will meet between Sept. 16 and 23 to discuss their economic results and agree a new budget.

These financial losses have left the club’s accounts in arrears for the fifth consecutive year.

Weak revenues at the Allianz Stadium, due to the repercussions of the coronavirus pandemic — with capacity often restricted to between 50 and 75 percent — in addition to the high cost of Cristiano Ronaldo’s contract, despite his departure in the summer of 2021, have played major roles in these figures.

Ronaldo’s deal, with his basic salary and financial rewards, has majorly burdened Juventus. The club paid $119 million to Real Madrid in the summer of 2018, and the player received an annual salary of more than $30 million over three seasons, during which he failed to win the coveted Champions League, despite collecting five domestic trophies.

After that splurge, now comes a time of austerity, and the quickest way to redress the situation would seem to be through success in Europe.

To avoid a sixth year of losses, Juventus must go as far as possible in the Champions League this season, after being eliminated from the round of 16 in the past three seasons.

This season, winning the Champions League will guarantee a $69 million windfall. Doing it with a perfect group record would secure in the region of $86 million, while winning the UEFA Super Cup would put an additional $5 million into the coffers. Adding broadcasting and advertising income, a successful European campaign season could generate more than $200 million.

Such lofty ambitions seem a long way off at this point.

Massimiliano Allegri’s men have won only two out of six matches this season in Serie A, leaving them in eighth place, and no doubt the priority will be to win a record-extending 37th title, before thoughts turn to Europe.

But the financial situation has hampered the coach’s recruitment as a reliance on free or loan deals in the transfer window has shown.

Serbian forward Dusan Vlahovic may have come from Fiorentina in January for a fee of $71 million, but the other high-profile additions such as the now injured Paul Pogba, from Manchester United, and Angel Di Maria, from Paris Saint-Germain, have arrived on free transfers.

But even if Juventus regain their domestic luster to retain the league title they considered their property for so long, it remains a major challenge to translate that success to the Champions League, in which they have failed time and again in recent years, even with the recruitment of Ronaldo specifically for that task.

On the pitch, it does not appear that Juventus are in good health, although it is only one match into the Champions League season, in which they suffered a not unexpected loss to Paris Saint-Germain in the French capital.

Hopes hang on a successful Champions League campaign, but things do not look promising, as much as there appears to be a desperate need for that title.

The Juventus hierarchy know that in addition to the big financial rewards that would come with winning the trophy, success would raise the club’s market value as well as that of the players.

At this point in time, it is uncertain in the extreme that Juventus can retain the Serie A title, never mind win the Champions League. The lean times look set to continue.


Humbert stuns Tsitsipas as defending champion exits Dubai in first round

Updated 25 February 2026
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Humbert stuns Tsitsipas as defending champion exits Dubai in first round

  • Last year’s winner lost in straight sets to the 2024 champion
  • Ugo Humbert will now play the 2022 champion, Andrey Rublev, on Wednesday

DUBAI: Defending champion Stefanos Tsitsipas crashed out of the Dubai Duty Free Tennis Championships on Tuesday night, falling in the first round to 2024 title-winner Ugo Humbert under the bright lights of the center court.

The 4-6, 5-7 defeat at the Dubai Duty Free Tennis Stadium means the 27-year-old Greek, who left the court with his head bowed, will drop outside the world top 40 for the first time in almost eight years.

The first-round meeting between the two unseeded Dubai champions caught the eye as soon as the main draw took place on Saturday for this week’s ATP 500 tournament. Only seven world ranking places separated the pair and the lower-ranked Humbert, at No. 37, edged the pre-match head-to-head record at 3-1. Tsitsipas has not yet progressed beyond the quarterfinals across five events since the start of the year.

“It was a funny first round — the two last winners of the tournament,” said Humbert, who beat Alexander Bublik in the final here two years ago. “It’s so good to be back where I won the tournament. I have such good memories, and it was a tough battle tonight.”

From the first exchanges, both players dominated their service games with remarkable ease. Tsitsipas only conceded two points in his first four, while Humbert was forced to deuce in just one game. Yet as the scoreline progressed in undramatic fashion to 5-4 to Humbert, and with Tsitsipas’ majestic topspin backhand starting to purr, the Greek’s serve deserted him when he needed it most.

Fewer than 24 hours after he had enjoyed a Ramadan cultural experience that saw him don a dark blue kandura to eat the fast-breaking iftar meal, Tsitsipas demonstrated the season’s spirit of generosity by gifting Humbert a pair of double-faults, an unforced error and, ultimately, the opening set.

The second set followed a similar pattern, with Tsitsipas unable to change the course of the match. Humbert conceded two break points in the first game yet found the resolve to dig deep and hold on. The set stayed on serve for 11 consecutive games until, with Humbert 6-5 up and Tsitsipas serving to stay in the tournament, another two wasteful forehands by the three-time finalist handed Humbert two match points.

The Frenchman took the victory at the first opportunity as Tsitsipas’ third unforced forehand error in sequential points sealed his fate.

“I think today, it was a big battle,” said Humbert. “We both served very well, and I had just a few opportunities and I did it, so I’m super happy. It’s nice to come back to play again on this beautiful court. I have such a nice feeling when I play here and it’s nice to be in (the) second round.”

Next up for Humbert is 2022 champion Andrey Rublev, who eased past France’s Valentin Royer 6-3, 6-4. The energetic Muscovite shuttled around Center Court like a man incapable of letting a ball past him, with more than one seemingly impossible return sent safely back by the 28-year-old.

Royer saved eight second-set break points by the time he levelled the set at 2-2, but Rublev’s serving was at times unplayable. His shot selection must have left his opponent bewildered as he mixed impudent drop shots with returnable volleys at the net.

“It was a great win for me because I knew very well in our first meeting, I lost,” said Rublev. “[Royer’s] a great fighter, and I’m really happy that I was able to take that challenge and go through in straight sets. When you play so late, to have some time to recover before the next match is so important.”

On facing Humbert, he added: “It’s going to be great for me to see my level because Ugo is a great player. He’s hitting the ball really hard; he’s getting better and better, and always fights until the end, playing super aggressive and hitting bombs from all over the place. He’s won here in the past too, so it’s going to be an interesting fight.”

Earlier in the day, eighth seed Jiri Lehecka survived losing the first set to Lucky Loser Luca Nardi — a late injury replacement for France’s Arthur Fils — by recovering to win 4-6, 6-4, 6-2. The Czech world No. 22 will face Spaniard Pablo Carreno Busta on Wednesday after the qualifier disposed of Canada’s Denis Shapovalov 6-2, 6-4.

In the final game on New Court 1, sixth seed Jakub Mensik edged past Hubert Hurkacz of Poland 6-4, 7-6 (7). Mensik will face Australia’s Alexei Popyrin, the world No. 47, who narrowly edged out Poland’s Kamil Majchrzak 3-6, 6-3, 7-6.

Meanwhile on Court 2, world No. 25 Tallon Griekspoor of the Netherlands — the highest-ranked player not seeded in Dubai this week — defeated Finnish qualifier Otto Virtanen 6-3, 6-4 to set-up a mouthwatering second round match against second seed Alexander Bublik.

Elsewhere, Arthur Rinderknech also lost the first set en route to defeating Hungary’s Fabian Marozsan 3-6, 6-3, 6-4.

The imposing Frenchman will play British fourth seed Jack Draper in the next round. The USA’s Jenson Brooksby, the world No. 49, dispatched Belgium’s Zizou Bergs 6-3, 6-4 to seal a last-16 tie against seventh seed Karen Khachanov, who required three sets to eliminate Lucky Loser Alexander Shevchenko of Kazakhstan 6-7 (5), 6-2, 6-3.