The Juventus Board of Directors approved the balance sheet for the 2021-2022 financial year, which ended on June 30, 2022 and included a record loss for an Italian football club of €254,313,307.

Juventus saw a small increase in their revenue from 443,400,000 to 449,900,000, which leaves them unable to cope with the 34,000,000 increase in operating costs to 449,100,000. At the same time, it failed to sufficiently reduce player depreciation, which fell from 197,400,000 to 173,300,000.

Total spend came in at 680,100,000, far surpassing last year’s own record loss (after tax) in the country of 209,900,000, which was compared only to Inter’s loss of 207,000,000 for 2006-2007.

This is the fifth consecutive year in the “red” for the “Bianconeri”, which recorded a loss of 90,000,000 in the first year of the pandemic, 2019-2020. In total, they have made losses of 613,000,000 in these five years, with the result that the owners of the club have to dig deep into their pockets to avoid bankruptcy.

From late 2019, before the pandemic, when there was a recap of 300,000,000, until last December, when it was boosted with another 400,000,000, the Agnelli family not only managed to keep the club alive, they succeeded her also, the number greatly reduce the blame.

In 2019 it reached 464,000,000, last year it had fallen to 389,200,000 and reached 153,000,000 in the latest balance sheet, with available cash improving by around 60,000,000, which could contribute to further contraction.

The positive aspects include the positive financial impact until 2026-2027 of 14,600,000 from the summer transfer activity and mainly the contracts he got rid of, while he also saw a small increase in wealth, now reaching 931,677,637.

Ticket revenue growth inevitably skyrocketed after the lifting of the corona restrictions, but did not reach the level of 2019-2020 (49,200,000) even though there were empty games then. Juventus collected 32,300,000 tickets compared to 7,800,000 last season. This increase was offset by the decline in broadcasting revenues, which reached 64,800,000, while commercial revenues also fell by 4,200,000.

Finally, the increase in salary costs was important, reaching 298,200,000 in the football department last season and 325,900,000 this year, a change that also weighed on the team’s balance sheet.