Juventus annual loss up more than 100 per cent due to player purchases and wage increases
23 September 2019
While the club's loss reached €39.9 million in the 2018/19 season, mainly due to player purchases and wage increases, their revenue increased by 23 per cent to €621.5 million.
Juventus' debt has increased by almost 50 per cent to €463.5 million.
The club have submitted a share capital increase for a maximum of €300 million, pending approval from their shareholders.
A busy transfer window in the summer of 2018 caused Juventus' loss for the season to increase by more than 100 percent in the 2018/19 period, according to their recently published annual report, though the club's revenue simultaneously increased by €116.8 million.
An increase in player wages and technical staff costs of €68 million, higher amortisation, transfer costs of €41.5 million, and greater provision funds of €14.8 million, all contributed to the club's loss for the season, which stood at €39.9 million, up 108 per cent from €20.7 million the year before.
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