Juventus FC: a turnover of €258.3m (-20%) and net loss of €113.7m for the first half of 2020-21

Juventus FC (Serie A TIM) has posted a turnover of €258.3m for the first half of the 2020-21 financial year (from 01/07/2020 to 31/12/2020), down 19.9% compared with the first six months of the 2019-20 financial year (€322.3m), according to the club following approval of its unaudited financial results by its board of directors on 25/02/2021.

The Turin Club (ITA) posted a net loss of €113.7m, versus a net loss of €50.3m for the same period in 2019-20. Juventus FC's operating profit was also negative and down sharply to €105.1m, compared with €38.1m the previous season. These results are mainly due to the Covid-19 pandemic, which was still unknown or virtually unknown in the first half of 2019-20.

"The pandemic directly and significantly affected, above all, ticket sales (-€31.3m) and sales of products and licenses (-€4.7m), with a consequent - and inevitable - negative impact on operating income, net income and financial debt. Moreover, as the pandemic persists, the current half-year shows higher revenues from radio and television rights (+€27m) due to the postponement from the…