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    JUVE   IT0000336518

JUVENTUS FOOTBALL CLUB S.P.A.

(JUVE)
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Juventus Football Club S p A : plan share issue to plug €400m hole in finances

07/01/2021 | 06:31am EDT

Juventus hope to raise €400m via a share issue to compensate for heavy losses during the pandemic and the stalling of plans for a European Super League.

The Turin football club, current home to superstar Cristiano Ronaldo, said it expected losses for the 2019-2022 period to reach €320m.

Juventus were one of the driving forces behind plans for a breakaway European Super League, which promised each club an upfront payment of €200m-€300m but collapsed.

The 36-time Serie A champions have contacted banks about arranging a capital increase. The banks are reported to include BNP Paribas, Goldman Sachs, Mediobanca and UniCredit.

European football has been badly hit by Covid-19, with restrictions on fan attendance virtually wiping out some revenue streams.

Premier League clubs recorded their worst ever aggregate loss in 2019-20, the first season affected by Covid-19, Deloitte reported last month.

Juventus spent big to acquire Ronaldo in the hope of becoming European champions and elevating the club’s brand internationally.

The Portugal forward cost €100m to sign and is believed to earn around €30m a year, but since his arrival their fortunes have reversed.

Meanwhile, Juve have appointed the former team principal of the Ferrari Formula 1 team, Maurizio Arrivabene, as their new chief executive.

The post Juventus turn to share issue in bid to plug €400m hole caused by Covid and collapse of European Super League project appeared first on CityAM.

© City AM, source Newspaper

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Financials
Sales 2021 416 M 488 M 488 M
Net income 2021 -202 M -237 M -237 M
Net Debt 2021 420 M 493 M 493 M
P/E ratio 2021 -4,80x
Yield 2021 -
Capitalization 958 M 1 133 M 1 127 M
EV / Sales 2021 3,32x
EV / Sales 2022 2,32x
Nbr of Employees 915
Free-Float 36,2%
Chart JUVENTUS FOOTBALL CLUB S.P.A.
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Juventus Football Club S.p.A. Technical Analysis Chart | JUVE | IT0000336518 | MarketScreener
Technical analysis trends JUVENTUS FOOTBALL CLUB S.P.A.
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 2
Last Close Price 0,72 €
Average target price 0,93 €
Spread / Average Target 28,4%
EPS Revisions
Managers and Directors
Stefano Cerrato Chief Financial Officer
Andrea Agnelli Chairman
Claudio Leonardi Head-Information Technology & Logistics
Alberto Mignone Head-Administration
Paolo Garimberti Independent Director
Sector and Competitors