The Financial Situation (75 Viewers)

[chester]

Our share capital increase - what a success!

“We're extremely happy about the success of the share capital increase". These are the words Juventus Chairman Giovanni Cobolli Gigli used to comment the results of the share capital increase, originally decided on the 20th of April at an extraordinary shareholders' meeting.

Juventus announced the sale figures that have emerged from the first phase of the offer, which began on the 28th of May and ended on the 15th of June. Very positive figures indeed: as much as 96,37% of the shares (that's 77.697.852 shares) have been purchased, amounting to over 101 million euros.

“These results confirm the validity of the plan developed by our able managers. This development plan will define the growth of this club - added Cobolli Gigli -. It was obvious that the favourable conditions of such a capital increase would attract rational investors. But I like to think that what made most people buy shares was also their feeling of belonging to the life and history of this great club. So, yes, the market responded favourably, but more than that, lots of supporters-cum-shareholders renewed their trust in us and really showed us their level of participation and commitment".

At the time of writing, 2.923.480 shares are still available, and will be until the 28th of June.

A detailed prospectus can be found on www.juventus.com, at the club's main office and at the Italian Exchange headquarters.

juventus.com

 

Buy on AliExpress.com

[ReBeL]

Juventus sees break-even in FY to end-June


MILAN (Thomson Financial) - Juventus chairman Giovanni Cobolli Gigli said he expects the company to break even in the full year to end-June and to halve its debt compared to a year earlier thanks to its recent capital hike.

In an interview with the MF daily, Cobolli Gigli said he sees 14-16 mln eur of additional revenues next year stemming from the club's promotion to the Italian first division, Serie A.

He said Juventus is seeking to buy at least three "high-level" football players and that developments might be announced this weekend.

Cobolli Gigli also said the company is worth 1.6 eur per share and that the success of the capital hike was also due to 40,000 supporters of the club.:confused2

ShareWatch

 

[fender06]

Juventus sees break-even in FY to end-June


MILAN (Thomson Financial) - Juventus chairman Giovanni Cobolli Gigli said he expects the company to break even in the full year to end-June and to halve its debt compared to a year earlier thanks to its recent capital hike.

In an interview with the MF daily, Cobolli Gigli said he sees 14-16 mln eur of additional revenues next year stemming from the club's promotion to the Italian first division, Serie A.

He said Juventus is seeking to buy at least three "high-level" football players and that developments might be announced this weekend.

Cobolli Gigli also said the company is worth 1.6 eur per share and that the success of the capital hike was also due to 40,000 supporters of the club.:confused2

ShareWatch

some shares were purchased by individuals

 

[ReBeL]

Final results of the capital increase


The capital increase of Juventus Football Club S.p.A., approved by the extraordinary shareholders meeting held on 20 April 2007, terminated with great success with the full subscription of the 80,621,332 ordinary shares offered, corresponding to an aggregate consideration of € 104,807,731.60, without the need to recur to the intervention of the Guarantors Banca IMI S.p.A. (Intesa Sanpaolo group), UniCredit Markets & Investment Banking (HVB – Milan Branch) and Banca del Piemonte S.p.A.

During the offer period, which closed on 15 June 2007, a total of 77,697,852 new shares were subscribed, equal to the 96.37% of the total shares offered.

All the remaining 4,385,220 rights unsubscribed, offered on the stock exchange from 21 June 2007 to 27 June 2007 according to art. 2441, section 3, of the Italian civil code, were sold and subsequently exercised with the subscription of 2,923,480 new ordinary shares.

The new share capital of Juventus Football Club S.p.A., after its filing with the Company Registrar of Turin, will be equal to € 20,155,333.20, represented by 201,553,332 ordinary shares, with a par value of € 0.10 per share.

In addition, based on the information available to the Company, we communicate that:
-the majority shareholder IFIL Investments S.p.A., in execution of what previously declared, fully exercised its subscription rights and subscribed 48,373,666 new shares, equal to 60% of the total shares offered, and as a result holds 60% of the Juventus Football Club S.p.A. share capital after the capital increase; and
-the shareholder Libyan Arab Investment Company SA, in execution of what previously declared, fully exercised its subscription rights and subscribed 6,048,540 new shares, equal to 7.5% of the total shares offered, and as a result holds 7.5% of the Juventus Football Club S.p.A. share capital after the capital increase.

Juventus.com

 

[Sheik Yerbouti]

so what does this mean?

 

[Belgico]

so what does this mean?

On of the best questions i've ever seen on this forum.

 

[ReBeL]

so what does this mean?

On of the best questions i've ever seen on this forum.

DO you remember the 104 million Juve wanted to gather to increase the capital?

Today, it was officialized that they could gather them without the interferring of the banks.

And the biggest shareholders: Fiat and Libyan company kept their share with 60% and 7.5% respectively...

If there is still something unclear, please ask.

 

[Sheik Yerbouti]

so basically they put up 20,000,000 shares for sale, and FIAT bought 60% and that Libyan company bought 7.5% to maintain their current owner ship, thus juve made a profit right?

 

[ReBeL]

so basically they put up 20,000,000 shares for sale, and FIAT bought 60% and that Libyan company bought 7.5% to maintain their current owner ship, thus juve made a profit right?

It's about gathering cash more than making profit.

 

[Sheik Yerbouti]

right right... raise cash! and they do this every year?

 

[Wraith]

No they don't do this every year. A capital increase makes a corporation somewhat less stable, and having an effective one depends on the majority shareholder's willingness to invest in the company to maintain their share percentage. It's basically a way to get cash into Juventus Football Club S.p.A instead of the Agnellis making a donation. Of course they expect the share prices to go up and they expect the club to make money again...but you have to spend money to make money.

 

[Red]

No they don't do this every year. A capital increase makes a corporation somewhat less stable, and having an effective one depends on the majority shareholder's willingness to invest in the company to maintain their share percentage. It's basically a way to get cash into Juventus Football Club S.p.A instead of the Agnellis making a donation. Of course they expect the share prices to go up and they expect the club to make money again...but you have to spend money to make money.

Yeah, just a one off cash injection to try and get us back on top and to compensate for the loss of TV and CL money for last year.

 

[ReBeL]

IFIL's Juventus sells 69.8 pct stake in Campi di Vinovo real estate company


MILAN (Thomson Financial) - IFIL SpA's quoted unit Juventus Football Club SpA said it is selling its 69.8 pct stake in Campi di Vinovo SpA, a commercial real estate development company not linked to the Juventus football stadium.

The stake sale, foreseen under an option, is accompanied by the sale of related business activities for 25 mln eur, while Juventus will keep its 19.2 mln obligations for various site costs, it said.

"Overall the operation, after all the steps planned, will not have a substantial impact on this year's Juventus results," it said.

"The financial impact (on the balance sheet) will be positive for about 23.5 mln eur over a six-year period, with the last instalment paid by Dec 31, 2013," it said.

The Campi di Venovo stake and related operations are being sold to Turin family-owned company Costruzioni Generali Gilardi SpA (CGG), it said.

CGG already owns the other shares in Campi di Venovo and after the close of the deal, seen late September, Juventus will not own any of its shares, it said.

Juventus officials said the stake in Campi di Venovo is being sold for 37 mln eur, while the overall deal includes the buyer taking on a debt to Juventus.

Juventus is selling the activities, which include the Mondo Juve, or Juventus World theme project, because real estate development is not part of its core activities, they said.

CGG can continue with the Mondo Juve project, though CGG's activities are mainly focused on construction, they said.

Share Watch

 

[Paolo Sosa]

so Mondo Juve is over

 

[Boudz]

so Mondo Juve is over

What was Mondo Juve about?

 

[ReBeL]

What was Mondo Juve about?

A commercial park project.

 

[metalhead]

Good desicion, Juventus dont need to concern theirselves with these things.

 

[David01]

Juventus cannot do this every year coz the more shares are on the market the lower the price per share will be thus they become more vulnarable for take over or even worse inflation
if that happens the club and value of players would be worthless

 

[Paolo Sosa]

atleast Mondo Juve could have increased our profits so that we wont depend on Fiat or any other IFL comany for support we don't need a Parma situation.

 

[C4ISR]

MILAN (Thomson Financial) - IFIL SpA unit Juventus Football Club SpA said its net loss in the fourth quarter of the fiscal year which ended June 30 narrowed to 11.8 mln eur from 36.7 mln eur in the same period a year ago, with sales rising 10.5 pct to 46.1 mln eur.

The rise in sales mainly came from higher revenues from television and radio rights following the higher number of matches played in the quarter.

Operating costs fell 27.1 pct to 42.4 mln eur thanks to the reduction in costs for players' wages following the disposals made. The operating loss in the quarter narrowed to 11 mln eur against 44.5 mln the year earlier.

In the fiscal year that ended June 30, sales fell 17.4 pct to 186.7 mln eur.

In the 2006/2007 football season Juventus was relegated to the Serie B league after being involved in a match-fixing scandal that had the club stripped of its last two Serie A titles.

In the fiscal period the football club posted an operating profit of 6.5 mln eur against a loss of 49.5 mln the previous year, while the net loss narrowed to 0.9 mln eur against the loss of 46 mln eur.

The football team said that due to a major rise in costs due to significant investments to strengthen the team, it will end the 2007/2008 financial period with a loss which had already been expected in its mid-term development plan.

The football club said its net financial position at the end of June was a positive of 21.7 mln eur, compared to a negative 12.9 mln eur in the same period a year earlier.

http://www.forbes.com/markets/feeds/afx/2007/08/06/afx3990447.html