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Juventus lowers net loss
Italy - 15 May, 2008
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Italian Juventus announced a net loss of EUR 800,000 in its third-quarter for the season.
That figure is dramatically reduced from last year's EUR 4.5 million loss, though profit declined over the same period by EUR 400,000.
The rise on net loss is attributed to TV rights sales, which grew by EUR 12.3 million, and sponsorship, which climbed by EUR 10.2 million.
As the club strengthened its first tear, operating costs rose 31.3 percent to EUR 44.4 million.
That figure is dramatically reduced from last year's EUR 4.5 million loss, though profit declined over the same period by EUR 400,000.
The rise on net loss is attributed to TV rights sales, which grew by EUR 12.3 million, and sponsorship, which climbed by EUR 10.2 million.
As the club strengthened its first tear, operating costs rose 31.3 percent to EUR 44.4 million.
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