Juve turbo charge finances with €400m of new money and an ex-Ferrari F1 exec

July 2 – Juventus say they expect to lose €320 million because of the coronavirus pandemic and are planning to raise €400 million in capital through a share sale as they look to redress the financial balance.

Juve missed out on the Serie A title for the first time since 2012 last season and are also still in dispute with UEFA over the doomed European Super League project.

The club  have just name former Ferrari F1 team boss Maurizio Arrivabene as their top executive.

Since 2012  Arrivabene has been an independent board member and will have the specific task of stabilising finances by overseeing “all of the football business” at the club.

It means Arrivabene will assume some of the responsibilities previously held by Fabio Paratici, who left in May and recently joined Tottenham Hotspur as their sporting director.

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