Juventus, capital increase of 400 million

Juventus launches the capital increase of 400 million and announces the new appointment for Maurizio Arrivabene in the company. “The BoD examines the impacts of the pandemic on the three financial years 2019/22, estimated to date at a total of 320 million euros as direct and indirect negative economic effects. The long-term strategic objectives set out in the 2019/24 development plan on the subject of sporting competitiveness and economic and financial sustainability “, reads a note. “In support of the plan, which, due to the pandemic, will be subject to review in the first half of the 2021/22 financial year, the Board of Directors defined the guidelines for capital strengthening through a share capital increase up to € 400 million. Contribution of proxies relating to the Football Area to the Board Member Maurizio Arrivabene “, we read again.