TURIN, Feb. - Juventus close in red on the first half of 2010/2011, with a net loss of € 39.5 million. The same period last year ended with a surplus of EUR 14.2 million. The results of the first half have been approved by the board of the company, met this morning in Turin. The meeting did not take part Fareg Zenti Khaled, representative of the Libyan financial Lafico, which holds 7.5% stake in the club.
Revenues for the first half amounted to € 88.8 million, -29% over the same period last year, when the amount was 125 million. It is the effect of lower income from Uefa competitions - Juventus has not passed the first stage of Europe League - but also from the competition and the sale of media rights for the championship, a decline given the entry into force of new legislation on collective selling of rights.
The forecast for year end 2010/2011 is "a significant loss. The company still believes - according to a statement - to have the financial resources to cope with the negative trend in the current financial year. " News Finally, the role of chief financial offer: the areas of finance, planning, control and administration by April 1 will no longer be directed by Michael Bergero, but Aldo Mazzia, former board member of the company and current Chief of Administration Offer Exor, the holding company controlled by the Agnelli family formed by the merger between Ifi and Ifil.
Mazzia, 55, became a member of the Exor Group (formerly Ifil) in 1987 and has held positions in the areas of administration, finance and control. "His professional qualities - says Andrea Agnelli, president of Juventus - have been known for many years and was my father (Umberto Agnelli, ed) to take more than two decades ago IFIL.
I believe that will give us a major contribution to the development and management of the company. " 
Revenues for the first half amounted to € 88.8 million, -29% over the same period last year, when the amount was 125 million. It is the effect of lower income from Uefa competitions - Juventus has not passed the first stage of Europe League - but also from the competition and the sale of media rights for the championship, a decline given the entry into force of new legislation on collective selling of rights.
The forecast for year end 2010/2011 is "a significant loss. The company still believes - according to a statement - to have the financial resources to cope with the negative trend in the current financial year. " News Finally, the role of chief financial offer: the areas of finance, planning, control and administration by April 1 will no longer be directed by Michael Bergero, but Aldo Mazzia, former board member of the company and current Chief of Administration Offer Exor, the holding company controlled by the Agnelli family formed by the merger between Ifi and Ifil.
Mazzia, 55, became a member of the Exor Group (formerly Ifil) in 1987 and has held positions in the areas of administration, finance and control. "His professional qualities - says Andrea Agnelli, president of Juventus - have been known for many years and was my father (Umberto Agnelli, ed) to take more than two decades ago IFIL.
I believe that will give us a major contribution to the development and management of the company. "
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