Stablecoin issuer Tether plans to propose its own slate of board candidates and “governance reforms” for Italian football club Juventus, where Tether currently holds a 10.7% stake.

According to a Reuters report on Monday, Tether’s proposal to the football club’s board of directors will be presented before the shareholders’ meeting on November 7. Additionally, Tether will invest approximately $129 million as part of Juventus’ capital increase plan.

Tether CEO Paolo Ardoino said the stablecoin issuer initially invested in Juventus in February and increased its stake to over 10% in April as part of its “commitment to innovation and long-term collaboration.”