Juventus suffers 39m euros loss

The Old Lady recorded a 14.2million euros profit a year earlier.

Juventus’ revenues, which was down 29% to 88.8million euros, have been hit by the failure to secure Champions League action this season.

“Economic trends in the 2010/11 financial year were negatively influenced by the club’s failure to qualify for the UEFA Champions League, implying lower revenues from European competitions and lower commercial revenue, as well as the effects stemming from the regulations of the centralised sale of [Italian] television rights coming into force,” the club said in a statement.

“Accordingly, on the basis of the information currently available and in the absence of any extraordinary events, the 2010/11 financial year is expected to close with a significant loss.

“Nonetheless, the company is confident it has the resources necessary to tackle the negative trend of the current financial year.”