Struggling Juventus reports record financial loss

23-Sep-2022 20:23:55 | Yahoo Sports

Juventus reported a record loss of 254.3 million euros ($246 million) for the 2021-22 financial year at a board of directors meeting on Friday — adding to its recent struggles on the field. It’s the fifth consecutive year Juventus has reported a loss, and it’s 44.4 million euros ($43 million) more than in 2020-21. Juventus said the increase in losses was mainly due to decreased income from TV rights and media revenues due to fewer Champions League matches.