Juventus FC: "An estimated loss for European football of €5.2bn to €8.4bn" (A. Agnelli)

"We will only be in a position to assess the impact of this situation on the football industry come autumn 2021, given that it will partly affect the 2019-20 financial year and partly the current one (2020-21). The best-case scenario would see an estimated loss for European football of €5.2bn-6.3bn. The worst-case scenario would be €6.5bn-8.4bn," said Andrea Agnelli, president of Juventus FC (Serie A TIM), on 15/10/2020.

"Revenue in football has dropped sharply for the first time after 20 years of constant growth - that is clear to everyone. This is due to external factors but it is the reality of the situation. We estimate that 360 top-flight clubs in Europe, without taking into account second-tier sides where the problems will be presumably more serious, will require a total of €6bn in capital increases over the next 12 months to two years," added Andrea Agnelli during his traditional annual press conference following his club's shareholders' assembly, at the Allianz Stadium in Turin (ITA).

"The past year is one that I can only describe as bittersweet both on and off the pitch…