Juventus' board of directors has proposed a capital increase of up to €250 million. With pro-rata subscription, Exor (65.375%) should pay around €164 million, of which €60 million has already been advanced to cover the balance-sheet deficit as of 30 June 2026, Tether (11.527%) around €28.8 million and Lindsell Train (6.2%) around €15.5 million; the free float (16.9%) would be entitled to around €42.3 million. Exor have said they are willing to underwrite any shares not taken up by other shareholders or third parties.
JOFCTranslated by
Juventus, capital increase: how much money Tether, Lindsell Train and the other shareholders are putting in
Juve, capital increase: stakes and money from each shareholder
Exor (65.375%): 164 million
It has already advanced 60 million against the future capital increase, which will be allocated to its share. That leaves around 104 million still to be paid in. The group has committed to subscribing its own share and says it is available to underwrite the shares not taken up by other shareholders or third parties. It can therefore act as a "safety net" for the entire operation and, in that case, see its percentage rise.
Tether (11.527%): 28.8 million
A recent arrival but now a significant shareholder, it is active in digital assets and issues the USDT stablecoin. In the last capital increase it subscribed around 11 million, maintaining its stake.
Lindsell Train (6.2%): 15.5 million
The British asset management company was founded in 2000 by Michael Lindsell and Nick Train and is now the third-largest shareholder. Over time it has reduced its stake, having previously risen to more than 11%.
Free float (16.9%): 42.3 million
The shareholder base is highly fragmented, made up of small shareholders, institutional investors and large funds.
The real match
As Gazzetta.it points out, the real issue centres on around €86.6 million: that is the amount which, on a pro rata basis, should come from shareholders other than Exor (Tether 28.8 + Lindsell Train 15.5 + market 42.3). If any of them do not take part, Exor will cover the shortfall.
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