The Turin-based club, which lies seventh in Serie A after a 2-0 defeat at home to Bologna on Saturday, blamed missing out on the lucrative UEFA Champions League and a change in the way TV rights money is shared between Italian clubs for the significant year-on-year revenue drop from Eur125 million to Eur88.8 million. Over the same period of the previous season, the club recorded a profit of Eur14.2 million.
Operating costs for the first half of the 2010-11 financial year came to a total of Eur100.1 million, an increase of 16.8% compared to Eur85.7 million for the corresponding period in the 2009-10 campaign.
The board revealed that it was predicting “a significant loss” for the period between now and the end of the season. The board also confirmed that Juventus director Aldo Mazzia will replace Michele Bergero as the club’s chief financial officer from April 1.
The 27-time Italian champion has failed to win a major trophy since being demoted to Serie B in 2006 as a result of a match-fixing scandal. However, the club is hoping that a move to a new 41,000-seat stadium later this year will increase match day revenues.
