Juventus ended the first financial quarter of the year 2014/2015 with revenues down by 4.1% to €53.3 million and an overall increase in the club’s debt.
The Vecchia Signora’s overall debt rose 5.3% to €216.9m in direct comparison to the position this time last year.
A statement released on the clubs website read: ”The Board of Directors of Juventus Football Club S.p.A, Chaired by Andrea Agnelli, has approved the Interim Management Statement [regarding the current financial data]
“The club’s operating cost have also risen over the last 12 months by 11.4% to €62.3 million, however the board of directors remain unconcerned.
”To correctly assess the interim data, note the economic trend of the Company is characterised by a strong seasonal nature, typical of this sector, determined by the calender of sports event and the phases of the football player transfer campaign.”
The Bianconeri spent €28.3 million in the summer transfer window and have also invested heavily in the Continassa Project, a scheme that will eventually see the completion of a state of the art training ground, hotel, stores and an international school next to the Juventus Stadium.
