Tether, the stablecoin issuer, plans to propose its own list of board candidates and "governance reforms" for Juventus, the Italian football club in which it currently holds a 10.7 per cent stake.
According to a report by Reuters on Monday, Tether's recommendations to the football club's board will be presented before the shareholders' meeting on November 7. In addition, Tether will invest about $129 million as part of Juventus' capital increase plan.
Paolo Ardoino, Tether's chief executive, said the stablecoin issuer initially invested in Juventus in February and increased its shareholding ratio to more than 10 per cent in April as part of a "commitment to innovation and long-term collaboration".
Tether to nominate board candidates for Juventus Football Club
2025-10-06 21:04:09
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