Enjoying the benefits of playing
in a new stadium, Italian champions Juventus
halved its loss after a 2011/12 season in which they clinched
the league title without losing a match.
Winning the league has guaranteed the Turin club a place in
the lucrative group stages of the 2012/13 Champions
The club made a loss of 48.7 million euros in
the year to June 30, down from 95.4 million in 2010/11.
Juventus are playing in a new stadium after demolishing the
unloved Stadio Delle Alpi, built for the 1990 World Cup, and
replacing it with a smaller 41,000-seat arena with facilities
for corporate clients and a club museum.
Reflecting the move, revenues for 2011/12 rose 24 percent to
214 million euros, helped by higher ticket sales and more income
from sponsorship and advertising.
Fiat signed a 35 million euro deal in July to sponsor the
club's shirts for the next three years, extending historic ties
between the carmaker and the club.
Last season's league title completed the club's recovery
after they were demoted in 2006 for their part in a bribery
However, they have been affected by the fallout from the
latest scandal to hit the Italian game.
Juventus coach Antonio Conte has been banned for 10 months
after being accused of not reporting matchfixing when he was in
charge of another club. Conte has denied the allegations.
While Juventus are listed on the Italian stock market, the
club is controlled by Exor, the investment company of
Fiat's founding Agnelli family.
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