Juventus to ask shareholders to approve up to €250 million ahead of potential losses

[p][a href="https://www.flashscore.ca/team/juventus/C06aJvIB/"]Juventus[/a] ‌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.[/p][p]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.[/p][p]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.[/p][embed guid="c17e00e4-2088-42ba-8cd2-7a182892c374" url="https://x.com/juvenewslive/status/2104978272316498405" social-type="twitter" /][p]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.[/p][p]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.[/p][p]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.[/p]