Tether acquires over 10% stake to become Juventus Football Club’s second-largest shareholder and seeks a board seat
According to Jinse Finance, stablecoin issuer Tether stated that it formally requested to participate in Juventus Football Club’s capital increase plan in May and applied for a seat on the board of directors. Tether currently holds more than 10% of the club’s shares, making it the second-largest shareholder after the controlling party Exor. Tether noted that although its initial request was not accepted, the club has proposed a new meeting date and both parties are coordinating to arrange a time. In its statement, Tether emphasized its willingness to be “an active participant in Juventus’s future development” and expressed its readiness to make substantial contributions to the team.
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