Juventus closed the 2025/2026 financial year €66 million in the red, and the response is another round of shareholder backing. The board will ask investors to approve a €250 million capital increase, while Exor will immediately make a €60 million payment on account of a future capital increase.

Exor's latest backing

The club framed the move around long-term support. In a note quoted by Sky Sport Italia, Juventus said the plan was aimed "to support the strengthening of the equity structure and sporting competitiveness, possible upgrades to the strategic real estate assets (first and foremost, the Allianz Stadium), the enhancement of the brand and economic and financial sustainability".

The same note said the majority shareholder Exor N.V. has "expressed its support for the overall equity strengthening operation" and "has confirmed that it will immediately make a payment on account of a future capital increase for a total of €60 million". That is the immediate cash coming in now, with the larger €250 million request still waiting on shareholder approval.

The scale of the support

This is the fifth capital increase since 2019, and those five rounds total €1.2 billion. That is a large amount of outside support for any club, even one with Juventus' size and commercial pull.

The current accounts also showed some tightening elsewhere. Operating costs were cut by €42 million, and average Allianz Stadium occupancy reached 97.6%. Even so, the club still finished with the €66 million loss, which is why the recapitalisation has been put on the table again.

The broader concern for Juventus is not just one year in the red, but how often the fix has had to come from shareholders. Exor is still standing behind the club, and the next step is the vote on the €250 million capital increase.

FAQ

Why are Juventus asking shareholders for another capital increase?

Juventus closed the 2025/2026 financial year €66 million in the red, so the board will ask shareholders to approve a €250 million capital increase. Exor will also immediately make a €60 million payment on account of a future capital increase.

How much has Exor committed to Juventus right now?

Exor has confirmed an immediate €60 million payment on account of a future capital increase. The wider plan still depends on shareholders approving the proposed €250 million capital increase.

How many times have Juventus turned to capital increases since 2019?

This is Juventus' fifth capital increase since 2019. The five capital increases since then total €1.2 billion.

Written by Daniel Hartley with AI-assisted research, cross-checked against 3 outlets. How we work →