Juventus make US$24.9m in second quarter


  • Other Sport
  • Wednesday, 15 Feb 2006

MILAN: Juventus made a net profit of 20.9mil euros (US$24.9mil) in their fiscal second quarter, after a 6.8mil euro loss in the same period a year ago. 

In a statement, the Italian champions said they narrowed their losses in player management to 14mil euros in the second quarter from 16.7mil a year ago. 

Player management is the difference between gains and losses made on signings, sales and loans of players. 

The Turin club, part of the business empire of the Fiat-owning Agnelli family, said total revenues for the quarter jumped 63.1% to 95.9mil euros. Gross operating margin rose to 42.6mil euros from 11mil euros. 

“The result of the 2005-06 financial year could be significantly influenced by trends in the current football season, in particular by the results achieved by the first team in the UEFA Champions League,” the statement said. 

Juventus play Werder Bremen in the first knockout round of the Champions League later this month. – Reuters 

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