Tether Aims for Active Role at Juventus After Increasing Stake to 10%
Tether, the issuer of the world's largest stablecoin USDT, holds over 10% of Juventus FC and aims to increase its involvement with the club.
- Tether requested participation in a recent capital increase and sought a board seat in May.
- These requests were not accepted initially, but a new meeting is being coordinated.
- Tether increased its stake in Juventus to over 10%, making it the second-largest shareholder after Exor, which owns 65%.
- Tether expressed commitment to support the club's future and acknowledged the need for significant investment to enhance the squad.
Juventus has experienced a rebuilding phase since finishing between third and seventh in the last five seasons after dominating Italian football from 2011 to 2020.