Exor makes cash contribution for Juventus' potential capital hike

FILE PHOTO: Soccer Football - Serie A - Juventus v Inter Milan - Allianz Stadium, Turin, Italy - February 16, 2025 General view of merchandise for sale outside the stadium before the match REUTERS/Massimo Pinca/File Photo

MILAN (Reuters) - Italian top flight soccer club Juventus said on Friday that its majority investor Exor had agreed to make a 15-million-euro ($16 million) cash contribution for a potential future capital increase.

The club said in a statement that its financial performance for the current financial year had diverged from its forecast due to unexpected events, including the recent dismissal of coach Thiago Motta.