Juventus reports record loss after missing out on trophies and Covid-19 restrictions

In a statement late on Friday, Juventus flagged it would also finish the current 2022-2023 financial year in the red, as it continues to feel the impact of the COVID-19 pandemic.

Juventus, who currently sit eighth in Italy's Serie A standings, said it had raised 23 million euros from the 2022/2023 season ticket campaign, slightly below the ticket campaigns of the pre-pandemic seasons.

This was partly because of a decision to leave more tickets available for "single-access" Championship matches, and also discounts to compensate season tickets holders for matches that were closed to the public during the pandemic.

Juventus, which raised 400 million euros in a new share sale in December to cut debt, said its performance would greatly improve this year thanks to steps taken to cut costs and boost revenues over the medium term.

"The expected improvement (is) not such, at present, as to suggest the achievement of break-even from the current financial year," the club said.