Approximately two weeks after reports that Tether would be proposing candidates for the board of Italian football club Juventus, they confirmed the nomination of two individuals: their deputy chief investment officer, Zachary Lyons, and an orthodontist as well as a devoted Juventus fan, Francesco Garino. Tether holds a 10.7% stake in Juventus as a result of investments made in February and April.

“Since announcing our investment in the Club, Tether has listened carefully to the voices of fans from Italy and across the whole world, receiving invaluable suggestions, feedback, and calls for deeper engagement.”

As stated in their announcement, Tether also outlined intentions to present suggestions at an upcoming assembly to implement essential modifications to the bylaws and enhance corporate governance.

Source: Tether

In the same announcement, CEO Paolo Ardoino echoed a call to “Make Juventus Great Again,” aligning with a slogan used by US President Donald Trump during his campaign. Ardoino previously attended the White House in July for the signing ceremony of the GENIUS stablecoin bill.

The nominations are set to be voted on during a shareholder meeting on November 7, following a series of issues and scandals involving the club’s management. Last November, the entire board stepped down due to allegations of financial fraud related to players’ salaries. Former chair Andrea Agnelli, along with two other executives, accepted plea bargains to serve suspended sentences as of September.

Tether’s Investments Go Beyond Football

The stablecoin issuer has also invested $775 million into the video-sharing platform Rumble. In August, Tether and Rumble suggested acquiring Northern Data, a company in the artificial intelligence sector, for $1.17 billion.

Despite being primarily a stablecoin business, Tether possesses a noteworthy amount of Bitcoin holdings; as of September, they held about 100,000 BTC, amounting to over $11 billion. Tether’s USDt had a market cap exceeding $181 billion as of Thursday.