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Tether Plans to Propose Candidates for Soccer Club Juventus Board Seat: Reuters
The stablecoin giant will submit its list at the club's annual shareholder meeting in November
Oct 7, 2025, 11:32 a.m.
What to know:
- Tether, issuer of the world's largest stablecoin, plans to propose its own candidates for a board seat at Juventus FC, the Italian soccer club in which it owns a stake of 10.7%.
- Tether also plans to propose some "governance changes" at the Nov. 7 meeting, although it did not elaborate on what these are.
- Tether acquired 8.2% of Juventus in February and subsequently increased its stake to over 10% in April.
Tether, issuer of the world's largest stablecoin, plans to propose its own candidates for a board seat at Juventus FC, the Italian soccer club in which it owns a stake of 10.7%, Reuters reported on Monday.
The stablecoin giant will submit its list at the club's annual shareholder meeting in November, according to the report, citing an email from Tether.
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Tether also said it plans to propose some "governance changes" at the Nov. 7 meeting, though did not elaborate what these are, the report said. Juventus investors will vote upon the company's board renewal at the shareholder meeting.
Tether acquired 8.2% of Juventus in February, and subsequently increased its stake to over 10% in April.
In the months that followed, Tether sought a more active role in I Bianconeri's (The White and Blacks) operations, asking to participate in club's capital increase and be granted a board seat.
Juventus, which is regarded as one of the most famous soccer clubs in the world, dominated Italy's top division Serie A throughout the 2010s. It is also the favorite team of Tether CEO Paolo Ardoino.
Tether did not respond to CoinDesk's request for further comment.
Read More: Crypto Lender Maple Expands to Tether-Backed Plasma
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