Juventus annual loss up more than 100 per cent due to player purchases and wage increases
Getty Images | Ronaldo was signed by Juventus in the summer of 2018 for a fee of €117 million and is on a reported €31 million salary a year contract.
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.
23 September 2019 - 10:47 AM
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