Nov 20 (Reuters) - Juventus (JUVE.MI) , opens new tab said on Thursday that its board approved a capital increase of up to 37.9 million new ordinary shares, equivalent to roughly 10% of its existing stock, through a sale of shares to institutional investors.

The Serie A club said controlling shareholder Exor, holding approximately 65.4% of the club, pledged to fully subscribe to the capital increase.

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Cryptocurrency group Tether Investments, which holds around 11.5%, said that it would also participate for an amount equal to its stake and may acquire any unallocated shares.

The deal is worth up to around 1.5 million euros ($1.7 million) and will allow both shareholders to keep their stakes unchanged after the capital increase.

($1 = 0.8672 euros)

https://www.reuters.com/sports/juventus-board-approves-10-capital-increase-via-share-sale-2025-11-20/