Juventus FC: a turnover of €621.5m (+23.1%) and a net loss of €39.9m in 2018-19

Juventus FC (Serie A TIM) posted a turnover of €621.5m for the 2018-19 financial year (from 01/07/2018 to 30/06/2019), up 23.1% compared to 2017-18 (€504.7m), according to the club after its board of directors approved the draft of the 2018-19 financial statements on 20/09/2019.

The Turin Club (ITA) posted a net loss of €39.9m, compared with a net loss of €19.2m in 2017-18. Juventus FC's operating profit was also negative and fell sharply to €15.3m, compared to €1.4m the previous year.

TV rights, which rose slightly, were the club's main source of revenue (33.3%) amounting to €206.6m, followed by gains from player transfers (€157.2m, +53.5%) and sponsorship and advertising revenue (€108.8m, +25.3%).

"The 2019-20 financial year, currently forecast to end in a loss, will be as usual strongly influenced by the performance of sports results and in particular the UEFA Champions League," said Juventus, whose board of directors has adopted a five-year development plan (see below).

As part of this, a capital increase of a maximum amount of €300m is planned to be launched before 30/09/2020…