Juventus Announce Profit Rise
Published: October 28, 1999
Juventus have announced profits of �4 million for the
last financial year and have become the first Italian
club to pay a dividend bonus to shareholders.
The Turin club expect profits to increase next year
but a large proportion of the club's revenue has been
set aside to rebuild its old Stadio Communale in an
ambitious move to take the club away from the
unpopular Delle Alpi stadium on the outskirts of the
city.
The new profit figures are the club's third in three
years and new television deals are hoped to offset the
cost of building their own stadium once plans have
been approved.
Juve are 99% owned by a holding company, IFI, which is
a subsidiary of the Fiat car making empire overseen by
the Agnelli family who also control F1's Ferrari team.
To put the figures in a European perspective Tottenham
in London pleased their investors by announcing a �1
million profit for the past year this morning while
Premiership rivals Chelsea lost �500,000 in their last
financial year.
Juve persuaded star striker Alessandro Del Piero to
stay with the club with a massive four year contract
totaling more than �25 million during the summer.
