Juventus say they expect to lose €320m (£275m) because of the coronavirus pandemic. The top Italian side is currently planning to raise €400m (£343.25m) in capital through a share sale to help ease the financial pressure on the club.
Juventus Suffer Massive Loss after Pandemic
Juve missed out on the Serie A title for the first time after almost eleven years. The club is also still in dispute with Uefa over the collapsed European Super League project. They were part of Barcelona, Manchester United, Real Madrid, and some other top clubs in Europe.
Questions were already being raised over the sustainability of their business model following the club-record £99.2m arrival of Cristiano Ronaldo in 2018.
It was earlier stated that their aim was for the 36-year-old to help them win the Champions League, but they have not been able to go beyond the quarter-finals since the arrival of the former Manchester United player.
Meanwhile, Juventus have confirmed Maurizio Arrivabene will assume management of the football business section of the club for the main time.
