Credit: Photo by Icon sport
Juventus’s board of directors has approved the budget for the 2022-23 season with losses of 123.7 million euros and is preparing to inject a capital increase of 200 million euros.
Juve’s board of directors met on Friday to approve the budget for the season ending June 30, 2023, while also setting guidelines for further improving the club’s financial situation. Final approval of the budget will be officially signed at the club’s next general meeting of shareholders on November 23. La Gazzetta dello Sport points out that Juventus has almost halved its losses compared to the 2021-22 season, calculated at a value of €239 million. However, without the financial support linked to participation in this season’s Champions League, Juventus needs another capital increase, worth 200 million euros. Club president Gianluca Ferrero and CEO Maurizio Scanavino are said to be pursuing a rigorous plan to rebalance the club’s accounts.