Juventus slides on proposed €250 million capital raise after FY loss
BUZZ-Juventus slides on proposed €250 million capital raise after FY loss Adds chart with stock performance from 2019 and capital hikes
** Shares in Italy's top-tier football club Juventus JUVE.MI fall around 8% after posting a full-year net loss on Tuesday along with a capital increase proposal up to €250 million ($283 million)
** Juventus reported weaker than expected 2026 results, partly due to the acquisition of J|Hotel for €23 million, Kepler Chevreux says in a note
** "We put our rating under review, pending the reaction of the shares, while cutting our estimates to reflect a more cautious view about media contracts in 2026-27," Kepler adds
** The Turin-based club said controlling shareholder Exor EXOR.AS, the Agnelli family's holding company, would back the capital raise and immediately inject €60 million
** This is the fourth capital increase into the Serie A team since 2019, bringing the total to €1.15 billion, according to Equita brokerage
** Juventus' stock fell to €1.58 during the session, its lowest price since June 2016
** Including Wednesday's fall, the stock has dropped by over 40% YTD
($1 = 0.8811 euros)
(Reporting by Romolo Tosiani, Giancarlo Navach)
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Juventus slides on proposed €250 million capital raise after FY loss