Sport
Il Foglio Sportivo – Football and Finance •
How much does this Juventus team cost?
To keep the team competitive, particularly in a season without the Champions League, the Juventus board of directors has decided to submit a proposal to the November shareholders’ meeting authorising a capital increase of up to 250 million euros. This is the fifth capital increase since the 2019/2020 financial year.

Photo: Ansa
Juventus is preparing for a new capital increase, the umpteenth in recent years. The club’s Board of Directors has decided to submit a proposal to the November Shareholders’ Meeting authorising a recapitalisation of up to 250 million euros, with the aim of keeping the team competitive in the long term and coping with a season without the lucrative Champions League prize money. This move will bring the total number of capital increases to five. The first dates back to the 2019/20 financial year: a €300 million recapitalisation. Exor, which at the time held 63.77 per cent of the share capital, contributed around €191 million. Two years later, there was a €400 million capital increase: the family holding company’s contribution was €255 million. A further injection followed in 2023/24: 200 million. Exor contributed around 128 million, corresponding to its shareholding at the time. Finally, in November 2025, a fourth recapitalisation took place, totalling around 98 million, to which Exor contributed approximately 64 million.
In total, therefore, between 2019 and 2025, Juventus completed four capital increases totalling approximately 998 million euros. Of this figure, around 638 million were guaranteed directly by Exor, amounting to almost two-thirds of the funds raised. Now the fifth round of funding is set to begin. Exor, which currently controls 65.4 per cent of Juventus, has already confirmed that it will fully subscribe to its allocated share and will immediately pay 60 million towards a future capital increase. If the 250 million authorisation were utilised in full and the holding company were to limit itself to its allocated share, its commitment would rise to approximately 163.5 million. From 2019, the total potential value of Juventus’ capital increases would thus reach around €1.25 billion, with over €800 million attributable to the Agnelli-Elkann family.