Tether, Issuer of the world’s largest stableecoin, plans to propose his own candidates for a board’s seat in Juventus FC, the Italian football club, where it owns a proportion of 10.7%, Reuters reported Monday.
The StableCOin giant submits his list of the club’s annual shareholder meeting in November, according to the report, citing an E email from Tether.
Tether also said it plans to propose some “government changes” at the November 7 meeting, though they did not elaborate on what these are, the report says. Juventus investors will vote on the company’s board renewal at the shareholder meeting.
Tether acquired 8.2% of Juventus in February and then increased his share to over 10% in April.
In the months followed, Tether sought a more active role in in Biancoonis (the white and black) operations, where they asked to participate in the club’s capital increase and get a board of directors.
Juventus, considered one of the most famous football clubs in the world, dominated Italy’s top division Serie A throughout the 2010s. It is also the preferred team of Tether CEO Paolo Ardoino.
Tether did not respond to Coindesk’s request for further comment.
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