Juventus ‌will ask shareholders to authorise the board ‌to carry out the share issue, in ‌one or more tranches, by the end of 2026, the club said in ‌a statement.

The move is ⁠intended to ‌strengthen the club's equity base and sporting competitiveness, ​support potential upgrades to strategic real estate assets including its ​Turin stadium, and improve its financial sustainability, it said.

Juventus said controlling shareholder ⁠Exor, the ​Agnelli family's holding company, would back the capital raising and immediately inject €60 million into the Serie A club.

Exor ‌owns around 65% of Juventus shares. Juventus posted on Tuesday a loss of €66 million in the year ended June 30, compared with a loss of €58.1 million a year earlier.

The club forecast another loss in the current fiscal year, after failing to qualify for ‌this season's UEFA Champions League. It ​expects a "progressive improvement" over the following ‌two years.

Investors have injected about €1 billion into Juventus over the past seven years Juventus last posted an annual profit in the 2016-2017 ⁠fiscal year.