Juventus €45m better off this year than in 2012

The Bianconeri are still set to record a loss in the current financial year, but the six-month report shows that the side are reaping the rewards of domestic and European ventures
Juventus have recorded a significant turnaround in their monetary fortunes this financial year, reporting a €45.9 million better return than 12 months ago.

Champions League participation and success, alongside continued Serie A dominance, has helped the Bianconeri record a profit of €11.3m, which is notable due to the club having made a loss of €34.6m in the same period.

Despite the reigning Italian champions' profits in the first six months of the year, however, the club claim that the forecast for this financial year is a loss, albeit a much less significant one than the one announced in 2012.

A move from the Stadio Olimpico to the Juventus Stadium is believed to be a major factor in the upturn in their economic outlook, with full ownership of the ground allowing them to more flexibility with advertising and seat pricing.

The €42.8m they have made in Champions League broadcast money is another factor to consider in the six-month report, while expenditure has included new contracts for the likes of Gianluigi Buffon, Alessandro Matri, Andrea Barzagli and Leonardo Bonucci.

The Old Lady have also paid €11.7m to the Turin local council for land adjacent to the current stadium, which will allow them to build new structures such as a media centre and new training facilities.

The worldwide recession has seen purse strings tightened in Serie A over the past couple of years, while Uefa's Financial Fair Play rules forbid club's from spending beyond their means or face being barred from Europe.

The Bianconeri are top of Serie A by six points heading into Friday's clash with second-placed Napoli.