Juventus have confirmed a capital increase ‘up to €400m’, and Football Italia takes a look at what it means and when the Bianconeri will receive the money.
The Serie A giants had announced the financial operation at the end of June and confirmed it today, providing further details with an official statement.
It is the highest cash injection in the history of Italian football, which is needed to strengthen the club’s equity structure.
Juventus have revealed Goldman Sachs International, J.P. Morgan AG, Mediobanca – Banca di Credito Finanziario S.p.A. and UniCredit Corporate & Investment Banking “will act as joint global coordinators and joint bookrunners,” but what does it mean?
Holding company, Exor will pay 63% of the €400m and minority shareholders should cover the rest.
However, if some of them fail to invest to reach the sum, then the four banks mentioned by the Serie A giants would step in filling the remaining part and money will be available from the end of the year.
Juventus needed a €300m cash injection in January 2020, which should have been used to grow at an industrial level.
However, the COVID pandemic had a strong impact on the club’s finances as it happened everywhere else in Europe, so the Bianconeri needed further financial help.
Back in February, Juventus announced the financial report for the first six months of 2020-21, confirming a loss of €113.7m.
I wish, that Juve. and all other Italian teams (as well as -Celtic); could have BILLIONS.