Juventus are set to end the 2020/21 fiscal year with losses of EUR190.7 m, more than doubling their overall from the previous year.

The Bianconeri have been hit especially hard by the coronavirus outbreak, which forced all video games in Italy to be played behind closed doors for the entirety of the 2020/21 project Cristiano Ronaldo Cristiano Ronaldo Cristiano Ronaldo has left the club, which ought to help/ Quality Sport Images/Getty Images

Performances on the field also left owner Andrea Agnelli feeling the pinch, as Juve crashed out of the Champions League at the round of 16 phase.

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And Calcio e Finanza reports that the on and off the field issues in Turin have caused the club suffering significant monetary losses, totalling EUR190.7 m( ₤ 163.8 m)

for the 2020/21 fiscal year.

Figures launched by Juve’s moms and dad company Exor show that they suffered losses of EUR77m from January to June 2021, which the club needs to add on to the formerly announced EUR113.7 m loss from July to December 2020.

The final figure of EUR190.7 m is more than double that of the 2019/20 season, when they recorded a loss of EUR89.7 m. These overstated losses originate from

the coronavirus outbreak, which especially affected Juve of all the Italian clubs.

The Bianconeri are one of the few clubs in

the nation to own their stadium outright, suggesting they have suffered the effects of football being played behind closed doors more than anybody else. Their loss in matchday income is a major element, however it’s not the only reason for the club’s slide.

Juve failed to progress beyond the last 16 in the Champions League, which, paired with the debilitating investment invested in Cristiano Ronaldo, left the Italian giants leaking cash.

There is hope that next year’s figures will improve, particularly considering they have managed to unload the EUR31m-a-year super star to Manchester United, while likewise accumulating a cost for his services. Ronaldo left Turin after three years, having stopped working to

achieve what he set out to do in winning the Champions League. Juve will be hoping to post earnings next year, for the very first time in five seasons.

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