they're just getting liquidity for the time till december. maybe there's some current liabiltites that need to repaid soon and we don't have the cash at hand right now. or its just for transfers. or a combination of both. we do not know exactly.
The Board of Directors has approved the Development Plan for the period 2011/12-2015/16
the strategic plan for the next 4 year is ok. bod thinks its a good plan.
In support of the Plan will be proposed to shareholders a capital increase of € 120 million
this one is self-explanatory, right?
EXOR SpA has agreed to underwrite the share of its competence of the capital increase (€ 72 million, equal to 60%) and also, possibly, a share in excess of their option rights attributable to an amount of € 9 million corresponding to the maximum stake held by LAFICO (7, 5% of the share capital)
Exor (Agnelli family holding), the holding that owns FIAT Group and Juventus (don't know how many % of shares) will bring in 72m of the 120m capital increase. And maybe another 9m.
Juventus EXOR SpA has granted a credit line of € 70 million with a maturity of December 30
Juventus gets a loan of 70m.
there's no talk whatsoever for what kind of payments this capital increase might be used for. some of it might be used to service current debts, some might be used for transfers. some of it might be used for other types of investments (stadium, infrastructure, youth sector, etc.).
We don't know by this statement what they intend to use for transfers.