TURIN, Italy: Juventus reported a record loss of 254.3 million euros ($246 million) for the 2021-22 financial year at a board of directors meeting on Friday — adding to its recent struggles on the field.
Their the fifth consecutive year Juventus have reported a loss, and their 44.4 million euros ($43 million) more than in 2020-21.
Juventus said the increase in losses was mainly due to decreased income from TV rights and media revenues due to fewer Champions League matches.
Juventus were eliminated by Villarreal in the first knockout round of last season’s Champions League.
The Bianconeri have also lost their opening two matches of this season’s Champions League — to Paris Saint-Germain and Benfica — and have won just two of seven Serie A games.
Last weekend, Juventus lost at promoted Monza — raising questions about the status of coach Massimiliano Allegri.
Struggling Juventus reports record financial loss
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Struggling Juventus reports record financial loss
- Their the fifth consecutive year Juventus have reported a loss, and their 44.4 million euros more than in 2020-21
Newcastle complete cruise into Champions League last 16
- The Magpies will make up a six-strong contingent of English sides in the last 16 alongside Arsenal, Liverpool, Chelsea, Manchester City and Tottenham
NEWCASTLE, United Kingdom: Newcastle United completed their stroll into the Champions League last 16 with a 3-2 win over Qarabag on Tuesday to progress 9-3 on aggregate over the Azeri champions.
The Magpies will make up a six-strong contingent of English sides in the last 16 alongside Arsenal, Liverpool, Chelsea, Manchester City and Tottenham.
A tie that involved an over 5,000-mile (8,000 kilometer) round trip for both sides was killed off inside 45 minutes last week as Newcastle led 5-0 at half-time on their way to a 6-1 rout.
That allowed Eddie Howe to heavily rotate his side, with four-goal hero from the first leg Anthony Gordon among those left on the bench.
Newcastle still made another fast start to add to their lead twice inside six minutes.
Sandro Tonali fired in the rebound after Dan Burn’s shot was saved before Joelinton stroked in Harvey Barnes’ cross.
Qarabag had taken the scalps of Benfica and Eintracht Frankfurt in the league phase to make the play-off round and at least salvaged some pride with two goals in the second half.
Camilo Duran outpaced Burn to pull a goal back before the Newcastle defender was penalized for handball inside the box.The Magpies will make up a six-strong contingent of English sides in the last 16 alongside Arsenal, Liverpool, Chelsea, Manchester City and Tottenham.
Aaron Ramsdale saved Marko Jankovic’s penalty but Elvin Jafarguliyev netted the rebound.
In between the visitors’ two goals, Sven Botman powered in a header from a corner.
That took the tally of goals conceded by Qarabag in the Champions League to 30 — a single season record in the competition.
