Juventus board approves cash call of up to 400 million euros


FILE PHOTO: Juventus supporters show their tattoos of the club's logo at their Italian Serie A soccer match against Palermo at the Juventus stadium in Turin May 5, 2013. REUTERS/Giorgio Perottino

MILAN (Reuters) - Italian soccer club Juventus said on Wednesday its board had approved a capital increase of up to 400 million euros ($470 million) to help it cope with the fallout from the coronavirus pandemic.

The Serie A team, like other clubs across Europe, has been badly hit by COVID-19, which has kept fans away from grounds and restricted marketing and merchandise opportunities.

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