Headline: Juventus Faces Financial Challenges with Expected Losses and Dependency on Champions League Qualification
Juventus anticipates another operating loss this season, emphasizing that a return to the Champions League is crucial for the club’s financial recovery.
According to Calcio e Finanza, these projections appear in the club’s information document regarding its capital increase. The board provided an update on September 29, following the first phase of the 2026-27 transfer window and a disappointing previous campaign.
The Bianconeri expect both their operating result and cash flow for the 2026-27 season to be negative, mainly due to their participation in the Europa League instead of the Champions League. However, the document does not specify the extent of the anticipated loss.
Juventus posted a €66 million loss in the 2025-26 season, an increase from €58.1 million the previous year, while revenue decreased to €474.7 million. The club predicts gradual improvement in the 2027-28 and 2028-29 seasons, but achieving this depends heavily on qualifying for the Champions League in both years. They acknowledge that this outcome is beyond their direct control. Spalletti’s side currently sits in seventh place, six points behind fourth-placed Milan.
Juventus estimates they will need approximately €112.5 to €125 million from a €250 million capital increase to finance the 2026-27 season and, to a lesser degree, the 2027-28 season. In the longer run, they aim for over €500 million in annual revenue, which includes more than €100 million from the stadium, and strive for an operating break-even, although the club describes these targets as “aspirational.”
