Juventus have officially launched their latest capital increase, marking another significant step in the financial restructuring of the club. The board approved the issue of 37,912,181 new ordinary shares, representing 9.1% of the post-increase share capital. This move injects €97.8 million into the club’s coffers, with a further €30 million provided during the year on two separate occasions. In total, the Agnelli family’s holding company, Exor, has invested nearly €130 million into Juventus in 2025 alone.
Tuttosport report that the aim behind this capital increase is clear: Juventus is targeting a balanced budget by 2027, while hoping to avoid further recapitalisations in the near future. The newly secured funds are intended to strengthen the club’s financial stability, reduce debt, and ensure Juventus can continue to remain competitive both in Italy and in Europe. This injection of capital is viewed as decisive, empowering Juventus to move forward with greater autonomy and resilience.
The Numbers Behind the Operation
Following the completion of this capital increase, the club’s new share capital stands at €16.73 million, with 417,033,996 shares in circulation. As expected, the major shareholders have maintained their positions: Exor retains 65.4% of the capital (with 78.9% of voting rights), while Tether Investments—now an established presence in the club’s governance—holds 11.5%.
Institutional investors absorbed around 8.8 million shares in this latest operation, marking Juventus’s fourth capital increase in six years. Since 2019, the club has received capital boosts of €300 million (2019), €400 million (2021), and €200 million (2024), bringing the total to €900 million before this latest move. Including the new tranche and additional injections, the total support now approaches €1 billion.
The price per new share has been set at €2.58 following an accelerated bookbuilding process, a method selected for its speed and efficiency. This approach sells large blocks of shares to institutional investors in a short time, offering certainty on price and volume, albeit often at a discount to the market rate.
Strategic Objectives
The overarching mission of Juventus’s capital increase remains unchanged. The focus is on consolidating the club’s financial foundations, expanding its brand internationally, gradually reducing indebtedness, and ensuring the team remains competitive on the pitch. Significantly, Tether’s participation has brought €11.25 million into the club, and the crypto giant has invested more than €100 million overall into Juventus, continuing to play an increasingly prominent and active role in the club’s future.
