Juventus president Andrea Agnelli on Thursday asked the club's shareholders to approve a 300 million euro capital increase to help expand the Italian club's global ambitions.
Despite losses of 39.9 million euros last season, Agnelli asked shareholders for a major investment as part of a five-year plan to keep pace with European rivals such as Real Madrid, Barcelona and Manchester United.
"Today, we ask you, the Shareholders to approve a 300 million capital increase for our 2019/2024 development plan," Agnelli said at the club's Allianz Stadium in Turin.
"The objective of this capital increase is the future development in a wide-ranging horizon," he continued.
"We must imagine this season as a new year zero, with the desire and determination to think big.
"We must be extremely proud of our development and our growth rates, but we must keep with the pace.
"These numbers seem enormous when compared to the Italian reality, but our point of reference is the great European clubs."
- Asian development -
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"We have become the fourth fan base club in Europe. Furthermore, our new office in Hong Kong will allow us to grow further in that part of the world."