According to the Italian financial media "Football and Finance", Juventus Club's shareholder meeting approved a capital increase of up to 110 million euros.
This Friday, local time, Juventus Club held a shareholder meeting, and "Football and Finance" revealed some of the details. This shareholder meeting approved a new round of capital increase, up to a maximum of 110 million euros. 95.41% of shareholders voted in favor of the proposal. The exact amount of capital increase, stock issuance price, and specific implementation technical details will be determined by Juventus's board of directors in the near future.
In March this year, the Juventus board of directors evaluated a new round of capital increase plan, and Juventus' largest shareholder Exor paid 30 million euros in advance. At the end of September this year, Juventus's board of directors decided to submit a proposal, hoping that the shareholders' meeting would authorize the board of directors to make a paid installment or one-time capital increase within 10% of the club's existing share capital, "in view of the lower than expected sports performance and sponsorship revenue in the 2024-25 season and the incurrence of unusual other expenses, and taking into account the expected financial situation of the 2025-26 and 2026-27 seasons, as well as the impact of this summer's transfer market." This proposal was approved at this shareholders' meeting.
At the same time, the cryptocurrency company Tether, the second largest shareholder of Juventus Club, made a proposal, hoping to provide existing shareholders with subscription rights during the capital increase process. Tether believes that this approach can ensure the best value-added investment, avoid equity dilution, and is also conducive to long-term strategic cooperation. Tether also stated that they are willing to subscribe for these capital increases. However, the proposal was ultimately rejected by a vote, with 91.7% of the votes against it.