Juventus have improved on previous years financial records, increasing the clubs turnover and posting a profit of €42.6m on the previous year.
Under leadership of Andrea Agnelli the club has steadily improved it’s financial status, with 2016/17 being no exception. The club earned €562.7m in revenue over the past financial year with almost €43m of that amount being pure profit as well as an increase in turnover of close to €200m on 2015/16’s €387.9m revenue.
A statement on the clubs official website highlighted some of the details and offered a full breakdown of the financial records and turnover:
“In a meeting chaired by club president Andrea Agnelli, the Juventus Football Club S.p.A board of directors today approved the draft financial statements for the year ended 30 June 2017:
The year 2016/2017 confirms the improvement reported in previous years; for the third year the business closed with a profit.
The Board of Directors approved the draft financial statements for the year ended 30 June 2017, reporting a profit of € 42.6 million which will be allocated to reserves.
The Ordinary Shareholders’ Meeting is called on 24 October 2017 at the Allianz Stadium.”
And why a new Stadium name?
Meanwhile, Juventus parent company Exor recently posted a 6 month half year profit of $1.09 billion dollars. Nice. Although oddly Juve was a 17 million loss to Exor during the period. Strange in light of the above news.