Financial Report: Juventus use shareholders' equity to cover mounting loss

The Italian champions managed to reduce their operating costs by ten per cent last season, but declining revenue and rising amortisation led them to record a pre-tax loss of €81.7 million.

A share capital increase in January of €298 million was used to cover the loss which rose 204 per cent from the previous season.

Matchday and broadcasting income unsurprisingly fell significantly due to the coronavirus pandemic.