Juventus set to announce £164m losses for 2020-21 – more than DOUBLE last year’s figure – as Covid takes its toll

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SERIE A giants Juventus are anticipated to announce a mammoth lack of £164million for the 2020-21 monetary 12 months.

According to the membership’s mother or father firm Exor, calculations by Calcio e Finanza imply the membership are in dire monetary straits.

Paulo Dybala has been linked with a transfer away from TurinCredit: Getty
Juve new boy Manuel Locatelli reacts during defeat by Empoli
Juve new boy Manuel Locatelli reacts throughout defeat by EmpoliCredit: Getty
The Juve squad cutting dejected figures on the pitch - and the figures off it aren't much better
The Juve squad chopping dejected figures on the pitch – and the figures off it aren’t a lot betterCredit: EPA

The official numbers won’t be posted till the center of September, however The Old Lady are anticipated to announce enormous losses.

It will probably be a fourth consecutive 12 months that the membership have posted a loss after a £77million deficit within the 2019-20 monetary 12 months.

And with Serie A grounds nonetheless restricted to 50 per cent capability Juve haven’t been in a position to increase their revenue via ticket gross sales.

Juventus personal the Allianz Stadium themselves and depend upon ticket gross sales for revenue, and as a outcome their match day income has halved.

That’s completely different to different golf equipment in Serie A, with the vast majority of Italian sides not proudly owning their stadiums.

That means match day income is just not as important to different membership’s funds as it’s to Juventus.

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Cristiano Ronaldo’s sale to Manchester United received the Portuguese famous person’s mammoth wages off the invoice, however the Turin membership nonetheless posted a lack of £12m from his sale.

However, his contract with the Old Lady was value a mind-boggling £28m-a-year.

The 36-year-old was reportedly incomes £540,000-a-week throughout his time in Turin.

That’s greater than or equal to the ENTIRE wage payments of Serie A sides Udinese, Hellas Verona and Spezia.

And now the ahead has returned to Old Trafford, Juve won’t have to fear about forking out over half-a-million-pounds every week on the 5 time Ballon d’Or winner.

Massimiliano Allegri’s staff’s fortunes on the pitch this marketing campaign have additionally been disappointing.

Juve are but to win a Serie A recreation this season – drawing towards Udinese earlier than a humiliating dwelling defeat by the hands of newly promoted Empoli.

The membership solely certified for this season’s Champions League on the ultimate day of last season, doing so by a single level.

And Juve did not progress additional than the last 16 within the competitors last season – another excuse for such excessive losses financially.