Juventus has published the detailed results of its 2025/26 financial year following a meeting of the club's Board of Directors. The financial year ended on June 30, 2026. The club recorded a consolidated loss of €66 million, while at the same time presenting a major financial strengthening plan backed by majority owner Exor. According to Reuters, shareholders will be asked to approve a capital increase of up to €250 million, while Exor will immediately provide the first €60 million.
Juventus' Loss Rises to €66 Million
The 2025/26 financial year ended, according to Juventus, in line with expectations. The consolidated loss stood at €66 million, an increase of €7.9 million compared with the previous year, when the club recorded a loss of €58.1 million. This shows that the club has yet to reach financial balance, despite a reduction in certain costs and increased revenue from commercial activities. Juventus has also warned that the current financial year could end with another loss.
Juventus Preparing Capital Increase of Up to €250 Million
According to Reuters, Juventus will ask shareholders to approve a capital increase of up to €250 million. This does not mean that the entire amount will be injected immediately or that the operation has already been completed. Instead, it represents a maximum framework that would allow the club's management to raise additional capital in line with its financial needs. The objective is to strengthen the club's capital structure, secure liquidity and continue the sporting project without making sudden cuts that could weaken the squad.
Exor Immediately Providing €60 Million
Majority owner Exor has reaffirmed its long-term commitment to Juventus and its confidence in the club's underlying value. The Agnelli family's holding company has backed the entire financial strengthening operation and confirmed that it will immediately provide €60 million as an advance payment toward the future capital increase. The €60 million is not the final amount of the capital increase, but rather the first concrete step in a much larger financial plan. The decision underlines Exor's continued commitment to Juventus despite the significant investments and losses recorded by the club in recent years.
Shareholders Have Already Invested Around €1 Billion
The new capital increase would be another chapter in the enormous amount of investment made in Juventus. According to previous Reuters reports, shareholders have already injected approximately €1 billion in fresh capital into the club over the past seven years. Exor, through which the Agnelli family controls Juventus, has carried the largest share of the financial burden.
If the new capital increase reaches the maximum €250 million, the total amount invested would rise further. These figures highlight both the scale of Juventus' financial recovery efforts and the continued support provided by its majority owner.
Net Financial Debt Rises to €331.1 Million
Juventus' net financial debt stood at €331.1 million as of June 30, 2026. That represents an increase of €50.9 million compared with the previous financial year, when net financial debt stood at approximately €280.2 million. The rise in debt is one of the key reasons why the club is looking to further strengthen its capital structure and secure more stable financing for its operations.
Juventus Has More Than Half a Billion Euros in Available Credit Lines
As of June 30, 2026, Juventus had access to bank credit facilities totaling €519.7 million. Of that amount, €298.6 million remained unused, meaning the club still has a significant financial reserve that can be drawn upon if necessary. The figure does not include the existing €150 million bond. Available credit lines do not represent money that Juventus has already spent. Instead, they refer to the maximum amount of financing the club can draw from banks under the agreed terms.
Book Value of Players' Registration Rights Stands at €304 Million
The net book value of players' registration rights stood at €304 million as of June 30,2026. That was €19.5 million lower than a year earlier. During the financial year, Juventus made net investments of €107.2 million in players, but these were more than offset by amortization and impairment charges totaling €126.7 million.
Squad's Market Value Is Higher Than Its Book Value
Juventus has specifically pointed out that the accounting value of its players does not represent their actual value on the transfer market. Based on average estimates from a panel of external advisers, the potential market value of the players' registration rights is significantly higher than the remaining value recorded on the balance sheet. This means Juventus' squad contains additional value that is not fully reflected in the club's accounting figures. However, that value would only become actual revenue if the club decided to sell certain players.
Capital Increase and Bond Are Not the Same Thing
The capital increase of up to €250 million should not be confused with the €150 million bond issued by Juventus in September 2025. Through a capital increase, the club receives additional equity from its owners and other shareholders. By issuing a bond, on the other hand, the club borrows money from investors and commits to repaying it under predetermined terms. The €150 million bond was issued with a 12-year maturity and a fixed interest rate, with the aim of reorganizing existing debt and reducing financing costs. Juventus is therefore using different financial instruments to stabilize its business and secure the funds required for day-to-day operations and sporting development.
Champions League Absence Creates a Major Financial Gap
Missing out on the Champions League has also had a significant financial impact. According to previous estimates, Juventus would earn around €14.6 million from participating in the Europa League, while simply entering the Champions League would have generated approximately €42.6 million. That represents a difference of at least €28 million, before taking into account additional performance bonuses, ticket revenue, broadcasting rights and commercial income. The total financial impact of missing out on Europe's elite competition could therefore be considerably larger.
Juventus Continues to Generate Strong Sponsorship Revenue
Despite its losses, Juventus remains one of Italy's strongest clubs commercially. The Bianconeri receive approximately €46.1 million per year from their partnership with Adidas, making Juventus the only Italian club among the ten European teams with the most valuable technical sponsorship agreements. The long-term Adidas deal runs until 2037 and represents one of the club's most important stable sources of revenue. Total sponsorship revenue exceeded €120 million, while stadium occupancy reached 97.6%.
Shareholders to Decide on November 3
The Ordinary and Extraordinary Shareholders' Meetings of Juventus will be held on November 3, 2026, at Allianz Stadium. The meetings will address the club's financial statements, as well as proposals related to strengthening its capital base. While final approval is still required, Exor's backing and the immediate €60 million injection demonstrate the majority owner's continued financial commitment to Juventus. The message is clear: the club faces significant financial challenges, but the Agnelli family remains committed to providing the resources needed to strengthen Juventus' financial position, support its development and maintain the competitiveness of the squad.
Sources:
Reuters – Capital increase of up to €250 million
Reuters – Previous investments and ownership structure
