Juventus says it may need more cash, secures $16 million from the Agnellis

Reuters - 29/03
Juventus may need more money to steady its finances after parting ways with manager Thiago Motta, the Italian soccer club said, adding its top shareholder had agreed to provide 15 million euros ($16 million) ahead of a potential share issue.
MILAN, March 29 (Reuters) - Juventus (JUVE.MI), opens new tab may need more money to steady its finances after parting ways with manager Thiago Motta, the Italian soccer club said, adding its top shareholder had agreed to provide 15 million euros ($16 million) ahead of a potential share issue.
Juventus, which has been controlled by the Agnelli family for a century, has been forced to raise around 900 million euros from its shareholders over the past six years.

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Agnelli-owned Exor (EXOR.AS), opens new tab has agreed to make a 15 million euro cash contribution against a potential future new share issue, the club said late on Friday.
Juventus this month replaced Motta with former player Igor Tudor after two consecutive heavy defeats in a disappointing season, with the club standing fifth in Serie A.
The club said recent perfor...
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