Struggling Juventus reports record financial loss

Juventus players walk off the pitch after the Serie A soccer match between Monza and Juventus, in Monza, Italy, Sunday, Sept. 18, 2022. Monza won 1-0. (Claudio Grassi/LaPresse via AP)

Juventus reported a record loss of 254.3 million euros ($246 million) for the 2021-22 financial year at a board of directors meeting on Friday - adding to its recent struggles on the field.

It's the fifth consecutive year Juventus has reported a loss, and it's 44.4 million euros ($43 million) more than in 2020-21.