Tether, the most stable emitter in the world, increased his participation in the Juventus football club to more than 10% after having expanded his participation in the Italian giant earlier this month.
This last decision gives Tether Investments SA of CV, the company’s investment branch, 6.18% of the voting rights. Who attaches as an important shareholder and refers to more in -depth involvement in the governance and the financial future of one of the most corrected sports institutions in Europe.
Juventus, founded in 1897 and with 36 League titles on its name, is a big club in Italian and European football. Tether initially acquired an 8.2% participation in the club in February.
Tether CEO Paolo Ardoino described the agreement as more than a financial investment. “We believe that Juventus is particularly well placed to direct both in the field and by adopting a technology that can raise fans’ commitment, digital experiences and financial resilience. We are delighted with the opportunities to come,” said Ardoino.
The company also expressed its desire to join future infusions of capital to “help strengthen the financial foundation of Juventus and avoid dilution from its position”.
The stable giant, who declared $ 13 billion in profits last year, invested in a number of sectors. These include artificial intelligence, Bitcoin exploitation and agriculture.
Juventus shares are up more than 2.7% to 3.2 euros ($ 3.65) at the time of the editorial staff.
