Juventus management are delighted with their latest financial results.

The last year has seen Juventus run at a loss of over £16m, but they consider that to be very nearly a success.

"Juve are close to breaking even, which is good considering before going into Serie B the club lost on average between £22m and £32m," explained general manager Jean Claude Blanc.

"The path we have taken is to improve sporting results by focusing on youngsters and containing costs. This is the only approach we can take.

"If Jorge Andrade's injury had not knocked £5.5m off his valuation, the situation would have been even better. Considering we were not in the Champions League, it is a good result."