The Italian champions saw revenue surpass the €300m mark over 2013-14, but their net financial debt has risen to over €200mJuventus has announced that their net debt has risen from €160.3 million to €206m after releasing their financial report over 2013-14.
This increase is due to payments made in transfer campaigns (€46.1m), advances paid to the city of Turin and various suppliers for the Continassa project (€5.5m), investments in other fixed assets (€6.7m) and cash flow from financing activities (€7.5m), partially offset by positive cash flow from operations (€20.1m). [eap_ad_2]
The Turin side closed the 2013-14 financial year with a loss of €6.7m, representing €9.2m less than the loss of €15.9m in the previous financial year.
Juventus saw revenue grow by €32m from €283.8m to €315.8m, an 11.3 per cent rise, while operating costs went up by 8.6% to €246.6m.
The draft financial statements for the year ended 30 June 2014 will be submitted for approval at the shareholders’ meeting called for 24 October 2014 at the Juventus Stadium. (goal.com) [eap_ad_3]
