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Tether is the second most important shareholder of Juventus.
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The company will participate in a capital increase of 110 million euros, already approved by the club.
The Tether company, a Stablecoin USDT station, confirmed to the press its intention to present candidates for the renewal of the Board of Directors of the Italian Juventus Football Club during the Annual Shareholders’ Assembly, scheduled for November 7.
This initiative occurs six months after Tether accumulated a 10.7% participation in the historic Turin club, consolidating as The second most important shareholder Behind Exor, the investment firm of the Agnelli family, which controls 65% of the club.
In addition to presenting proposals for changes in club governance, Tether plans to contribute to a capital increase of up to 110 million eurosrecently approved by the Juventus Board, which faces financial difficulties. Until now, Exor has already disbursed about 30 million euros of this capital increase.
The collaboration between Tether and Juventus began in February of this year, when the cryptocurrency company became a shareholder of the historic club with 36 series titles A.
In this way, the company behind the main stable has emphasized that His interest in Juventus goes beyond economic investmentalso seeking to get involved strategically in the management of the football team, provided that the opportunity to do so is granted.
At that time, in the face of the concerns of the fans for the results of the team, Paolo Ardoino, CEO of Tether, made it clear that his ability to contribute is limited by the decisions of the club’s administration. As Cryptonotics reported, he said: «We cannot intervene or contribute unless society allows it.»