The Juventus board of directors met today in Turin and approved the financial information of the first half of 2010/11, recording a net loss of € 39.5 million. The same period last year ended with a surplus of EUR 14.2 million. Revenues for the first six months amounted to € 88.8 million, down 29% from 125 in the first half of the previous season, mainly due to lower revenue from UEFA competitions, races and lower revenues from income from the sale of media rights for the league recorded following the entry into force of new legislation centralized rights.
Operating expenses amounted to € 100.1 million, an increase over previous year by 16.8% due to the disbursement incurred one-off and the players transferred to higher costs for the acquisition of temporary registration rights performance of the players.
It follows that the operating profit, again the first half of 2010/11 was a negative 39.5 million against a surplus of 14.2 a year earlier.
Shareholders' equity at December 31 amounted to € 51.1 million, down from 90 million in the June 30, 2010 due to the net loss for the period and for other minor variations.
The net financial position is negative to 56.8 million mainly due to payments for the construction of the new stadium. At 30 June 2010 was positive for 6.4 million.
The company said that based on information currently available and in the absence of extraordinary events, the financial year 2010/2011 will close with a significant loss, but also claims to have the resources necessary to deal with the negative the current year.
Juventus has also announced that it terminated the employment relationship with Michael Berger that he served as Chief Financial Officer. From 1 April 2011 to take the place of Berger, Aldo will Mazzia, 55 years Adviser of directors of Juventus FC SpA
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