Last season was a very difficult one for Juventus on all fronts. The Bianconeri failed to retain their Scudetto crown, were dumped out of the Champions League at the round of 16, and barely scraped into fourth spot to clinch a Champions League berth.
The Turin titans are also struggling off the pitch. According to reports, in February, Juventus reported losses of €113.7 million ($134.8 million) just for the first half of 2020/2021. That’s double that they reported for the same period a year before, with losses totaling around €50 million ($59.2 million), with total losses equaling €71.4 million ($84.6 million) for the fiscal year ending on June 20, 2020.
And the Bianconeri have been losing money for a while, with their losses in 2019 reaching €39.9 million ($47.3 million). This year looks set to be significantly more – especially considering they lost over €100 million in just six months – and Juventus are still embroiled in the European Super League fiasco, meaning that they could face major sanctions as UEFA have opened to commence disciplinary proceedings against them plus La Liga giants Barcelona and Real Madrid.
To that end, Juventus are reportedly seeking outside financing to bolster their accounts. According to Reuters, the multiple Scudetto winners are looking to secure a capital increase of €300 million to €400 million ($357.4 million to $473.8 million). The institutions who they’re apparently looking to for assistance are US-based Goldman Sachs, plus three European banks: BNP Paribas (France), UniCredit (Italy), and Mediobanca (Italy).
This quartet and Juventus have an already-established relationship, with the four combining to assist the Bianconeri in increasing their capital in November 2019 to the tune of €299.9 million ($355.8 million).
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