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Saturday, February 24, 2024
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Juventus Trying To Combat Losses With $200M Raise

  • Juventus has posted major financial losses in consecutive years.
  • Now, the Italian club is looking to raise more than $200 million from shareholders.
Kirby Lee-USA TODAY Sports

Juventus has won 36 Serie A championships and was most recently valued at more than $2 billion — but the Italian soccer giant is far from financially healthy. 

In fact, the club recently reported a $130 million loss from the 2022-23 season — better than the $267 million loss from the prior year, but still alarming enough to spur action from the team’s owners.

Juve is seeking a capital raise of more than $200 million. This comes after the storied club previously brought in more than $700 million during two separate raises over the past four years. Juventus’ owners will commit about $135 million as part of the capital raise.

The club’s stock took an initial dip after the earnings report and is down nearly 30% on the year overall. Juventus is currently third in Serie A through eight matches but is banned from European competition this season for breaching Financial Fair Play rules. 

Follow The Cash

Capital raises are a growing trend among international soccer clubs.

Recently, Chelsea raised $500 million from investment firm Ares Management, Liverpool sold a $200 million stake to New York-based private equity firm Dynasty Equity, and Everton was sold to Florida-based 777 Partners for nearly $700 million after initially seeking nearly $200 million in capital funds. 

Additionally, Eagle Football Holdings — which has a stake in Premier League club Crystal Palace and owns Ligue 1 side Lyon — is looking to raise $200 million.

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