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Juventus have confirmed a capital increase ‘up to €400m’.

The Serie A giants had announced the financial operation at the end of June and confirmed it, providing further details with an official statement.

It is the highest cash injection in the history of Italian football, which is needed to strengthen the club’s equity structure.

read also:Swansea name Russell Martin as new head coach

Juventus have revealed Goldman Sachs International, J.P. Morgan AG, Mediobanca – Banca di Credito Finanziario S.p.A., and UniCredit Corporate & Investment Banking “will act as joint global coordinators and joint book-runners,” but what does it mean?

Holding company, Exor will pay 63% of the €400m and minority shareholders should cover the rest.

The post Juventus confirm €400m capital increase appeared first on Sporting Life.

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