La Juventus It is still in a delicate economic situation… but it is improving little by little. Despite not entering the Champions League, the ‘Vecchia Signora’ viability and cost reduction plan is beginning to work. And it is that The Turin people have closed the 2022/23 financial year with consolidated losses of 123 million euros.
This is a significant reduction compared to the losses of 239.3 million euros recorded in the previous year, in 2012/22. “This reduction derives both from the elimination of the negative effects of the pandemic and from the cost rationalization and income development actions that began in previous periods and continued in the 2022/2023 financial year,” they reported.
The response to these losses has been the usual one: a large capital increase by Exor, the Agnelli family holding company. 200 million, to be exact. This is the third capital increase in the last four years, after 300 million in 2019 and 400 million in 2021.
The Post Juventus announces losses of 123 million… and makes a capital increase of 200 ‘kilos’
Originally Posted on amp.marca.com