Juventus officially completes €200 million capital Increase

Juventus have officially completed their capital increase, subscribing to 100% of the new shares for a total value of €199.9 million. Following the press release issued on April 3, 2024, the club announced in a statement, as quoted by La Gazzetta dello Sport:

“Juventus Football Club S.p.A. announces that, following the offer of non-exercised option rights during the option offering period, the capital increase by option, for payment, resolved by the Shareholders’ Meeting, in extraordinary session, on November 23, 2023, and whose final terms and conditions were set by the Board of Directors on March 7, 2024, has been fully subscribed for a total of 126,373,938 shares, for a total value of €199,923,569.92. This result confirms once again the full market support for the Company in the context of the offer.”

The club clarified that “Citigroup Global Markets Europe AG and UniCredit Bank GmbH, Milan Branch acted as joint global coordinators in the context of the capital increase. The certification of the subscription of the capital increase pursuant to art. 2444 of the Civil Code will be deposited with the Turin Business Register within the legal terms.”

The financial operation became necessary to consolidate the accounts in a challenging period, especially due to the absence from the UEFA Champions League, a competition that could have guaranteed around €100 million in participation, ticket sales, and sponsorship revenue. The capital increase safeguards Juventus from the necessity of selling prized assets in a distressed manner, a significant aspect that will enable the management to have a more unrestricted approach to the market next summer.