The income of "Juventus" returning to the Champions League increased by 64 percent © EuroFootball.com

The financial position of multiple Italian champions is rapidly improving.

On Tuesday, the board of directors of Turin's Juventus club approved the financial report for the previous fiscal year.

After the 2012-2013 season, the club's income increased by 63.7 percent compared to the previous year.

Juventus ended this financial year with a loss of 15.9 million euros, which will be covered from the club's reserves.

In the 2011-2012 season, the loss of the multiple Italian champions club was almost three times higher and reached 48.6 million euros.

The return to the UEFA Champions League contributed significantly to the significantly reduced club losses, resulting in a 32.8 percent increase in the club's income.