In addition to being a issuer of the world’s largest stableecoin, USDT, Tether also owns more than 10% of Juventus FC and is now looking to play a more active role in the operation of the Italian football powerhouse.
Tether asked to participate in the club’s recent capital increase and get a board of directors in May, according to an E -Mail statement from StableCOin issuer.
“Although these requests were not taken up at that time, a new meeting date has been proposed since then and we are currently coordinating with stakeholders to confirm accessibility or propose an alternative if necessary,” Tether said.
Juventus dominated Italian football throughout the 2010s and won nine consecutive Serie A titles between 2011 and 2020, but has been in a reconstruction mode since the end between third and seventh in each of the five seasons since their last championship.
Tether increased his share in in Bianconeri (“The White and Blacks”) to over 10% in April, after purchasing 8.2% of the club in February. It is now Juventus’ second largest shareholder. Exor, the holding company for the Agnelli family, owns 65%.
“[Our] The intention is to be a supportive and committed partner in the club’s future, “said Tether.” We recognize that significant investments are needed to build a competitive team, and we are prepared to contribute meaningfully to this effort. “
The news of Tether’s requests was previously reported by Bloomberg on Wednesday.
