Italy's Juventus to ask investors for up to €250 million

Italy's Juventus to ask investors for up to €250 million

The Star Online - Sport·2026-09-30 08:00

MILAN, Sept 29 (Reuters) - Italian ⁠soccer club Juventus said on Tuesday it ⁠would ask shareholders to approve a capital increase of ‌up to €250 million ($283 million) as it warned of another loss this fiscal year.

• Juventus will ask shareholders to authorise the board to ​carry out the share issue, in ⁠one or more tranches, ⁠by the end of 2026, the club said in a ⁠statement

• ‌The move is intended to strengthen the club's equity base and sporting competitiveness, support potential ⁠upgrades to strategic real estate assets including ​its Turin stadium, ‌and improve its financial sustainability, it said

• Juventus ⁠said controlling ​shareholder Exor, the Agnelli family's holding company, would back the capital raising and immediately inject €60 million into the Serie A ⁠club

• Exor owns around 65% of ​Juventus shares

• Juventus posted on Tuesday a loss of €66 million in the year ended June 30, compared with a ⁠loss of €58.1 million a year earlier

• The club forecast another loss in the current fiscal year, after failing to qualify for this season's UEFA Champions League

• It expects ​a "progressive improvement" over the following ⁠two years

• Investors have injected about €1 billion into Juventus over ​the past seven years

• Juventus last ‌posted an annual profit in ​the 2016-2017 fiscal year

($1 = 0.8838 euros)

(Reporting by Giulio Piovaccari and Elvira Pollina. Editing by Mark Potter)

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