Juventus' net loss widens to $102M amid Euro ban

Serie A club Juventus on Friday said that their net loss “widened” to $102M in the first half of FY2023-24 as their "ban from lucrative European competition this season over financial irregularities weighed on the Italian club's revenue.” The result compares with a loss of $31.8M in the same period of the previous fiscal year while revenue fell almost 26% to $186.7M between July and December last year. Exor, the investment arm for the Agnelli family, which has been controlling the Turin-based club for over a century, “already covered the proportion of the cash call” matching its 64% stake and will also “act as a guarantor for the remaining part.” The club last posted a net profit in 2016-2017 (ESPN.com, 2/16).