The balance, therefore, remains at a loss of 19.2 million, but compared to the first quarter of 2018/19 there is a positive change of 5.5 million: the "red" a year ago was 24.7 million. The club at the shareholders' meeting of last October 24 had already decided to launch a 300 million euro capital increase, essential for developing new projects and also covering losses. Debt data certify this commitment: compared to last June 30 there is a growth of 110 million "determined mainly by the disbursements linked to the transfer campaigns (-113 million)", as per company statement. The good news is that with the qualification anticipated in the first knockout rounds of the Champions League, Juve can sleep soundly with more than 70 million already guaranteed.
TORINO. Revenues are growing, reaching 170 million in just three months, but now there are also 110 million more financial debts. The Juventus Board of Directors today approved the figures for the first quarter, closed on 30 September 2019, confirming the trend recorded in the last financial statements. The Ronaldo effect is felt at all levels: gains from sponsorships and advertising increase (+ 42.6% in one year) with 27 million more in total revenues (21.7 million more from players' rights alone), while shareholders' equity still falls (from 31 to 12 million) and debt goes from 463.5 to 573.9 million in even a hundred days.