Juventus raises capital by 400 million euros to face the repercussions...

Juventus raises capital by 400 million euros to face the repercussions...
Juventus raises capital by 400 million euros to face the repercussions...

Juventus announced on Wednesday that its board of directors decided to inject a capital of 400 million euros into the club’s budget in order to ensure its continuity in light of the effects of the Covid-19 pandemic.

In a statement, Yuvi said that the capital raise is expected to be fully realized “by the end of 2021.”

The statement continued, “The capital increase is among the measures to address the significant economic and financial effects of the Covid-19 epidemic, and will enable us to enhance the club’s liquidity and achieve a balance in our financing resources.”

The pandemic has had a significant economic impact on all European clubs, and according to Deloitte, the financial auditing company, the Italian League’s revenues fell in the 2019-2020 season by 18%, which is the largest decline in the five major European leagues, i.e. England, Spain, Italy, Germany and France. .

Juventus, owned by the powerful Agnelli family, announced last February that the value of its losses in the second half of 2020 amounted to 113 million euros, more than double the loss in the same period of 2019.

The club’s revenue fell by 20% in that period, as Yuvi attributes the cause to the Covid-19 pandemic, as a result of strict government measures that wiped out revenue from match days.

Google Newsstand

Follow our latest local and sports news and the latest political and economic developments via Google news

Share

Print

Twitter
LinkedIn
Pin Interest
Whats App

These were the details of the news Juventus raises capital by 400 million euros to face the repercussions... for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at saudi24news and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

NEXT Napoli draw with Lecce to leave Roma on Serie A summit

Author Information

I have been an independent financial adviser for over 11 years in the city and in recent years turned my experience in finance and passion for journalism into a full time role. I perform analysis of Companies and publicize valuable information for shareholder community. Address: 2077 Sharon Lane Mishawaka, IN 46544, USA Phone: (+1) 574-255-1083 Email: [email protected]