Juventus FC to offer €150m bonds

Italian footballing giant Juventus is reportedly gearing up to sell bonds to investors, giving them a chance to finance the franchise.

The club plans to offer €150m (£131.4m) worth of bonds maturing in around five years, a source familiar with the matter told Bloomberg.

Morgan Stanley and UNI Namca will manage the sale, the report added.

Juventus was not immediately available for comment.

The Turin-based club is the most successful in Italy, and last year signed Portuguese five-time Ballon d’Or winner Cristiano Ronaldo from Spanish rival Real Madrid for €100m.

Juventus would become the second Italian club to enter the bond markets after Inter Milan priced €300m of five-year notes in late 2017.

Meanwhile Juve becomes the third football club Ronaldo has played for that has moved to sell bonds, after his former club Manchester United issued dollar and pound notes in 2010 to refinance its debt arising from a leveraged buyout.

Last month, north London club Tottenham Hotspur overtook Juve to take 10th place in Deloitte’s Football Money League 2019, as revenue leapt to €428.3m (£379.4m) last season from €359.5m in 2016-17.

The 120-year old Juventus, known as the Old Lady of Italian football, won its seventh straight league title last year.

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