Juventus picks banks for up to 400 million euro cash call


MILAN (Reuters) - Serie A soccer club Juventus said on Friday it has signed a pre-underwriting agreement with a group of Italian and international banks for a planned capital increase of up to 400 million euros ($475 million).

Like other soccer clubs in Europe, Juventus have been hard hit by the fallout of the pandemic, which has prevented fans from attending matches and reduced marketing and merchandise opportunities.

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