2/28/2018 10:38:45 PM (GMT+3)

Juventus' revenue drops by 7.8 per cent


Turin, Italy: Juventus reported a 40 per cent drop in profits for the first half of the season, the club announced on Wednesday.

The club board, chaired by Andrea Agnelli, has approved the half-yearly financial report at December 31, 2017.

Interestingly, the progress in the Champions League will be important for the Italian champions' coffers. 

The six-time successive Serie A winners recorded a profit of 43.3 million euros for the first half of the season to December 31, 2017, compared to 72 million euros for the same period in 2016 -- a drop of 28.7 million euros.

Agnelli approved the figures with overall revenue dropping 7.8 per cent to 290.6 million euros. 

Juventus -- runners up in the elite European competition twice in the past three seasons -- play Tottenham in the last-16 return leg on March 7, having drawn the first leg at home 2-2.

The board of directors noted that the 2017-2018 financial year, which is currently expected to yield a loss, will be strongly influenced by results, in particular the club's progress in the Champions League.