Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.

Juventus aim to raise 300 million euros via capital hike

Euronews logo
Text size Aa Aa

MILAN (Reuters) – Italian soccer club Juventus aim to raise up to 300 million euros through a capital increase after posting a 39.9 million euro loss in the financial year ended in June, the club said on Friday.

Juventus, which won Serie A championship for the last eight seasons, last year paid 100 million euros to Spain’s Real Madrid to engage Portuguese striker Cristiano Ronaldo.

Shareholders will vote on the rights issue in a meeting scheduled on Oct. 24.

Top shareholder Exor, the holding of the Agnelli family, is committed to buy into the capital increase pro-quota, Juventus said in a statement.

The Italian soccer club signed a pre-underwriting agreement with BNP Paribas, Goldman Sachs International, Mediobanca and UniCredit CIB which act as joint global coordinators and joint bookrunners for the capital hike.

Juventus expect to post a loss in 2019/2020 financial year.

(Reporting by Gianluca Semeraro; editing by Francesca Landini)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on for a limited time.