(Finance) – The Board of Directors Juventus Football Clubfootball team listed on Euronext Milan, evaluated that a strengthening of the patrimonial and financial profile may be appropriate through capital increasefor a minimum amount of 15 million euros (equal to the payment in the future account of the capital increase referred to) and up to a maximum amount equal to 10% of the current market capitalization.
Strengthening is necessary for the Sports performance of the first team During the final phase of the third quarter of the year 2024/2025 and for the impacts deriving from the recent Head Coach exemption of the first team. An examination of the company highlighted a quarterly trend for the current exercise compared to the previous forecasts as well as greater margins of variability of the forecast data of the current year and the following one.
The Council has not made any decision in this regard and has rsent any resolution at the end of the ongoing sports season and the transfers campaign In order to take into consideration, in particular, the economic, financial and patrimonial impact of the first team performance in Serie A and in the Fifa Club World Cup, in particular, as well as the summer transfers campaign itself. The capital increase would be performed with the exclusion of the right of option and, therefore, within the limits of 10% of the pre -existing share capital, with any reserved placement in line with market practice.
The majority partner Exor expressed his own support for any operation of strengthening up to his full coverage (and in any case to an extent at least not to be a dilution of his own participation) and has given availability to make payments to assets as an advance of sums to be attributed to the share capital. The Board of Directors, having taken note of the availability of Exor, approved to proceed with the request for a Payment in the future account of capital increase For a total of 15 million euros, whose execution will be aimed immediately.