ZunSports > Football > Failed to sell Little Via and Mbangula! Official: Parent company EXOR invests 15 million euros in Juventus
Failed to sell Little Via and Mbangula! Official: Parent company EXOR invests 15 million euros in Juventus
Juventus officially announced yesterday that its parent company EXOR has invested 15 million euros in the club.
Juventus issued an official statement on June 30: "Juventus Football Club AG announced that the controlling shareholder EXOR N.V. has conducted a new round of capital injection. At the request of the club, EXOR has made a second 'future capital increase' injection, totaling 15 million euros."
According to the Turin Sports Daily, Juventus' account has added another 15 million euros, and the funds may increase further by the end of the summer. Exor reserves the possibility of a larger capital increase in September or October. According to previous news, the total amount of this capital increase may reach 115 million euros, which will be a special capital restructuring, which may be carried out in the form of a targeted share issuance, in line with market practice, and may be exempted from the obligation to issue a prospectus.
They will participate in this round of capital increase, which means that in addition to the controlling shareholder, there may be other institutions jointly investing. In the language of the football industry: Juventus obviously urgently needs this 15 million euros to adjust a certain financial indicator required by the league or the Football Association so that it can operate without any restrictions in the transfer market.
Juventus might have planned to sell Via and Mbangula in exchange for the funds, but the transaction is temporarily stranded. Therefore, Elkan chose to inject 15 million euros personally as a "advance payment" for large-scale capital increase in the future. This also allows Juventus to not be forced to "sell" players in the transfer negotiations, and can sign players more calmly.
After all, this is a financial operation method, but there are two clear signals behind it: Juventus hopes to operate without restrictions in the transfer market, and Elkan continues to stand up when the club needs it.
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