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  • Business - Companies
  • Updated: 1 month ago

Juventus May Be Needing Financial Bailout — Reports

Juventus May Be Needing Financial Bailout — Reports

Italian superclub Juventus F.C. may be needing some capital injection after the collapse of the Super League plan.

According to reports from Italy's Sole 24, the Italian soccer club controlled by the billionaire Agnelli family is set to evaluate plans for a capital increase at the end of the current player transfer season.

The coffers of the Bianconeri company have been in the red for four years. The formation of the Super League, which promised a financial boost to the club, was also canceled due to backlash from football lovers.

Juventus, which more than doubled losses in the first half of the year to 113.7 million euros ($135 million), completed a 300-million euros capital increase in January 2020. It may need 300 million euros to 400 million euros, Il Sole reported citing unnamed speculations.

 

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