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Juventus shareholders agree Sh34 billion boost to expand club globally

A Juventus fan holds a poster of Juventus' Portuguese forward Cristiano Ronaldo prior to the UEFA Champions League Group D football match Juventus vs Lokomotiv Moscow on October 22, 2019, at the Juventus stadium in Turin. [Photo by Marco BERTORELLO / AFP]

Juventus president Andrea Agnelli on Thursday got the overwhelming backing of the club's shareholders for a 300 million euro ($333 million) capital increase to help boost the Italian club's global ambitions.

Despite losses of 39.9 million euros ($44m) 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.

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