Cryptocurrency company Tether is significantly increasing its stake in Italian football club Juventus. As reported by Bloomberg, the firm led by Paolo Ardoino has purchased additional shares in the “bianconeri,” bringing its total ownership to 10.7%. This substantial percentage of share capital positions Tether as the second-largest shareholder in Juventus and is prompting the company to seek a more influential role within the club, including potentially a seat on the board of directors (CdA).
Sources indicate that Juventus and Tether have exchanged communications regarding arranging a meeting to discuss this matter. However, a specific date for such a meeting has reportedly not yet been finalized. Exor, the club`s majority shareholder, is understood to be awaiting the outcome of this potential discussion before making any decisions about further integrating Tether into the operational structure and dynamics of the club.