In a statement late yesterday, Juventus flagged they would also finish the current 2022-2023 financial year in the red, as they continue to feel the impact of the Covid-19 pandemic.

Juventus, currently eighth in Italy’s Serie A standings, said they had raised €23 million 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 ticket holders for matches that were closed to the public during the pandemic.

Juventus, which raised €400 million 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.