Live broadcast on October 7 NEWS Juventus club officially issued an announcement, announcing the approval of the budget for the last fiscal year and the approval of a capital increase of up to 0.2 billion euros.
The official announcement claimed that under the leadership of Ferrero, the board of directors approved the budget for fiscal year 202-2023, showing a loss of 0.1237 billion euros, which was significantly better than the loss of 0.2393 billion euros in fiscal year 2021-2022, the approved budget has been submitted to the shareholders’ meeting.
In addition, the board of directors also approved a capital increase plan of up to 0.2 billion euros for club development and reduction of financial burden. Major shareholder Exor has expressed support for this capital increase plan and is ready to subscribe for up to 63.8 percent of assets, up to 0.128 billion euros.
The shareholders’ meeting is expected to be held on November 23, 2023. the topics are the approval of the budget for the next fiscal year and the evaluation of the plan for fiscal year 2026-2027, which aims to shape brand effect and maintain financial balance and sustainable development.
(Iron Steel Fist)