Juventus Sets $474 Million Capital Hike After Pandemic Hit
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Juventus' forward Cristiano Ronaldo challenges Atalanta's defender Cristian Romero during the final of the Italian Cup football match on May 19.
Photographer: Miguel Medina/AFP/Getty Images
Italy’s Juventus Football Club SpA, the team of superstar Cristiano Ronaldo, is planning a capital increase of up to 400 million euros ($474 million) to shore up its finances after the coronavirus pandemic hit sales.
The proposed capital increase is set to be approved at the soccer club’s next board of directors meeting in September, the company said in a statement Wednesday. The Agnelli family’s holding company Exor NV, which has a 64% stake in Juventus, “has expressed its support” for the transaction, the company said.