Juventus were not involved in Europe last season after they were found guilty of false accounting and market manipulation. (Emmanuele Ciancaglini/Ciancaphoto Studio/Getty Images)

Italian soccer giants Juventus posted a loss of €199.2 million ($223 million) for the 2023-24 financial year, severely hampered by their non-participation in UEFA club competitions last season.

The loss increased significantly from a deficit of €123.7 million in the prior year.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Juventus were not involved in Europe last season after they were found guilty of false accounting and market manipulation and received a 10-point deduction in the 2022-23 campaign.

Despite finishing seventh and qualifying for UEFA’s third-tier Conference League, the Turin-based side accepted a separate punishment from the continental governing body which saw them banned from European competition for a year.

Juventus said this “heavily influenced” the loss of almost €200 million for the season.

See Also:

Amid the investigation into the club’s finances and accounting procedures, Juventus's full board of directors resigned in November 2022, including president Andrea Agnelli and vice president Pavel Nedved.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The Serie A club’s revenue for the 12 months to 30 June 2024 was also down to €394.6 million, a 22.3% decrease from €507.7 million in 2023.

In the 2022-23 season, Juventus generated €76.3 million from media rights revenues and ticket sales related to UEFA competitions.

Juventus stated that revenues from ticket sales (down by €11.6 million compared to the previous year) and from sponsorships were also directly affected by the non-participation in UEFA competitions.

The team’s operating costs reached €400.1 million, down 6.4% from €427.6 million.

The latest set of financial results continues a loss-making trend at Juventus after the club posted a loss of €254 million in 2021-22 which set a top-flight Serie A record.

However, Juventus forecast a healthier financial outlook for next year with the club back in the UEFA Champions League this season.

The club expects its operating result and cash flow to be in the break-even range in the 2024-2025 financial year with a return to Champions League action and a “normalisation of revenues."

In total, the team will compete in five competitions in the 2024-25 campaign – Serie A, Coppa Italia, Supercoppa Italiana, Champions League and FIFA Club World Cup – which it claims will have “a positive impact” on revenues.

Juventus have made an undefeated start to the season and are currently second in Serie A after six matches, with three wins and three draws.

The club also won their opening Champions League match and will face Germany’s RB Leipzig in matchday two on Wednesday (October 2).