Italy's Juventus posts record 2020-21 loss on coronavirus hit

Net loss at Juventus more than doubled in its 2020-21 financial year to 209.9 million euros ($247 million), its highest on record, as revenue plummeted due to closed-door matches amid the coronavirus crisis, the soccer club said. In a statement on Friday, Italy's Juventus added it would finish the 2021-22 financial year, which will still be heavily affected by the pandemic, with a "significant loss".

Net loss at Juventus more than doubled in its 2020-21 financial year to 209.9 million euros ($247 million), its highest on record, as revenue plummeted due to closed-door matches amid the coronavirus crisis, the soccer club said.

In a statement on Friday, Italy's Juventus added it would finish the 2021-22 financial year, which will still be heavily affected by the pandemic, with a "significant loss". "The group's economic performance is expected to improve significantly starting from the 2022-23 financial year," the club said. ($1 = 0.8490 euros)

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