Tether holds more than 10% of shares and becomes the second largest shareholder of Juventus Football Club, and seeks a seat on the board of directors

Odaily News Stablecoin issuer Tether said it had formally requested to participate in Juventus Football Clubs capital increase plan in May and applied for a seat on the board of directors. Tether currently holds more than 10% of the clubs shares and is the second largest shareholder after the controlling shareholder Exor. Tether said that although the initial request was not accepted, the club has proposed a new meeting date and the two sides are coordinating to arrange the time. In the statement, Tether emphasized that it is willing to be an active participant in Juventus future development and is ready to provide substantial input to the team.