From the analysis of the financial situation as at 30 September, a loss emerges “significantly higher than the pro-quota of that expected for the entire financial year”
“The Juventus Board of Directors has approved the proposal for a paid share capital increase of up to a maximum of 200 million euros, including the share premium (capital increase), and for a share split in the ratio of 1 share for every 10 held (split ), resolving to this end to call the Shareholders’ Meeting, in extraordinary session, for 23 November 2023”.
75 MILLION
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Thus the Juventus club officially communicated to investors yesterday the new capital increase, which is essential to give relief to the company coffers in light of the 75 million euros lost by Juventus between July and September. In fact, from the analysis of the financial situation as at 30 September, a loss of 75.1 million emerges, “significantly higher than the pro-quota of that expected for the entire financial year”. In the 2022/2023 season Juventus’ balance sheet was closed with a loss of 123 million. The capital increase should approximately be carried out in the first quarter of 2024 – reads the note from the Juventus club.
first payment
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Furthermore, the Juventus board of directors, “having taken note of the willingness of the shareholder Exor to make a payment towards a future capital increase, has decided to proceed with the request for an initial payment” of 80 million “in order to strengthen the capital and financial structure of the company pending the execution of the capital increase”. The payment, expected in the next few days, “will constitute an advance on the sums intended for the release of Exor’s share of the capital increase and will remain its exclusive responsibility”. Exor, the majority shareholder with 63.8% of the shares, has already expressed its support for the operation and has undertaken to subscribe to its portion of the capital increase.
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