Juve Turbo Charge financed with 400 million euros in new money and an ex-Ferrari F1 manager F.

July 2 – Juventus says they expect a loss of € 320 million due to the coronavirus pandemic and plan to raise € 400 million in capital through a stock sale to restore financial balance.

Last season, Juve missed the Serie A title for the first time since 2012 and are also arguing with UEFA about the doomed European Super League project.

The club has just named former Ferrari F1 team boss Maurizio Arrivabene as its top manager.

Arrivabene has been an independent board member since 2012 and has the specific task of stabilizing finances by overseeing “the entire football business” of the club.

This means Arrivabene will take on some of the roles previously held by Fabio Paratici, who left in May and recently moved to Tottenham Hotspur as sporting director.

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