Overview

Tether has sought to enhance its involvement with the prominent Italian soccer club Juventus by requesting a board seat and participation in the club’s financial undertakings.

Key Points

• Tether owns a stake of over 10% in Juventus, making it the club’s second-biggest shareholder.
• The stablecoin company expressed interest in a board position after the club’s recent capital increase in May. Tether confirmed that although initial requests were not addressed promptly, discussions for a new meeting date are underway to facilitate this request.

Financial Context

As the entity behind the world’s leading stablecoin, USDT, Tether’s investment reflects its strategy to solidify a position within the sports sector and contribute positively to Juventus’s ventures. The club, renowned for its past dominance in Italian football, is currently undergoing a transition, having faced challenges since their last championship title in 2020. Tether recognizes the investment needed to construct a competitive team and is prepared to enhance its role as a supportive partner in the club’s future endeavors.