Coronavirus fears and half-year loss shave 11 per cent off Juventus' market value
24 February 2020
The club's revenue fell to €258.4 million in the first half of the year due to lower broadcasting income and merchandising sales, the club's just-released financial report shows.
Falling revenue, coupled with rising player wages and amortisation, meant the club incurred a €46 million pre-tax loss.
Juventus' stock fell 11 per cent on Monday as fears over coronavirus sent Italian stocks down overall.
Juventus incurred a pre-tax loss of €46 million in the first half of the season, mainly due to falling revenue and rising wages, but fears over coronavirus played its part on Monday as the club's market value fell 11 per cent.
Italy this weekend reported its fourth death from the virus, sending Italian stocks down by four per cent overall. As four Serie A matches were postponed due to the virus, Juventus' stock fell to €1.016 - its lowest point at the time of writing.
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