In addition to being the largest stablecoin issue, USDT, Tether also has more than 10% of Juventus FC and is now looking to play a more active role in the management of the Italian football center.
TETHER asked to participate in the recent increase in the club’s capital and to receive a headquarters from the Board of Directors in May, according to a statement sent by email from the Stablecoin issuer.
“Although these requests were not retained at the time, a new date of meeting has since been proposed, and we are currently coordinating with stakeholders to confirm the availability or suggest an alternative if necessary,” said Tether.
Juventus dominated Italian football throughout the 2010s, winning nine consecutive titles in Serie A between 2011 and 2020, but has been in a mode of reconstruction since its terms of third and seventh in each of the five seasons since their last championship.
Tether increased his participation in I Bianconeri (“White and blacks”) At more than 10% in April, after buying 8.2% of the club in February. This is now the second shareholder of Juventus. Exor, the Holding company of the Agnelli family, holds 65%.
“”[Our] The intention is to be a favorable partner and engaged in the future of the club, “said Tether.” We recognize that significant investments will be necessary to build a competitive team, and we are ready to contribute significantly to this effort. “”
On Wednesday, the news of Tether’s requests were reported by Bloomberg.
