In addition to being the world’s largest stablcoin issuer, USDT, Tether also has more than 10% of Juventus FC and now seeks to play a more active role in the operation of the Italian football power.
Tether asked to participate in the recent capital increase in the club and receive a seat of the Board in May, according to a statement sent by email from the Stablecoin issuer.
“While these requests were not submitted at that time, since then a new meeting date has been proposed, and we are currently coordinating with the interested parties to confirm the availability or suggest an alternative if necessary,” Tether said.
Juventus dominated Italian football during the nine consecutive titles of series A of 2010 between 2011 and 2020, but has been in a mode of reconstruction since it ended between the third and seventh in each of the five seasons since its last championship.
Tether increased his participation in i bianconeri (“White and Blacks”) More than 10% in April, after buying 8.2% of the club in February. Now it is the second largest shareholder of Juventus. Exor, the AGNNE family holding company, has 65%.
“[Our] The intention is to be a support and committed partner in the future of the club, “said Tether.” We recognize that a significant investment will be needed to build a competitive squad, and we are prepared to contribute significantly to that effort. “
Bloomberg previously reported the news of Tether’s requests on Wednesday.
