Juventus shareholders met at Allianz Stadium on 3 November and approved the club's accounts for the year ending 30 June 2026, while also authorising the board to carry out a capital increase of up to €250 million. The capital measure won 99.9% of the vote.
Meeting agenda and voting
The meeting started at 10am. The agenda included approval of the financial statements, the appointment of two board members and authority for the board to carry out a capital increase.
Juventus shareholders approved the club's financial statements for the year ending 30 June 2026, with the accounts backed by 91.8% of voters. The club's consolidated accounts for the 2025/26 season showed a net loss of €66 million, compared with a loss of €58.1 million in the previous financial year.
Purpose of the capital increase
The stated purpose of the capital increase was "to support the strengthening of the capital structure and sporting competitiveness, possible upgrades to strategic property assets (first and foremost, the Allianz Stadium), the enhancement of the brand and economic and financial sustainability".
Majority shareholder Exor has pledged to cover its 65.4% share and any unsubscribed portion. Exor has made an advance payment of €60 million. Juventus will allocate some €100 million to investment, chiefly on the sporting side, particularly in the transfer market.
What club executives said
As reported by Gazzetta.it, Juventus chief executive Giovanni Carnevali opened proceedings by saying: "We must respect our fans and bring the Juventus spirit. I promise commitment, clear ideas and a great desire to get things done. We must not talk too much, but let our actions speak . And we must remember that we have to comply with UEFA's parameters: we are not thinking of doing anything particularly extraordinary, but with the resources we have, we must make Juve a great club. Juve must get back to winning . We need planning and unity. We must rediscover enthusiasm and a sense of belonging. What I have had to do over these four months is learn as much as possible about our club and our structure. I understand the world of Juventus, its history and its values more and more, and what we must try to have within us. Forza Juve."
According to IlBianconero.com as cited by GOAL, Carnevali said: "Spalletti is the Juventus manager and we support him."
According to GOAL, Carnevali said that under the regulations, Edon Zhegrova cannot take Manuel Locatelli's place on the UEFA squad list. According to GOAL, Carnevali said Locatelli is a player trained in Italy and can only be replaced by a player trained in Italy, "so Ekhator, not Zhegrova."
Financial outlook and Tether
Juventus Chief Financial Officer Stefano Cerrato said: "The financial result is still expected to be a loss, mainly due to lower revenue from the Europa League compared with the Champions League. It will be influenced by sporting results and the effects of the January and June transfer windows."
Gianluca Ferrero, president of Juventus, said: "Juventus are open to dialogue with all their shareholders. Tether is an important shareholder, a major shareholder, and also takes a close interest in Juventus's activities . However, there are currently no initiatives with Tether of an industrial, technological, commercial or financial nature."
Ferrero said Tether holds 11.5% of the shares.
