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Suggest Board Candidates for Juventus Football Club: Report

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Stablecoin issuer Tether will report to set its own list of board candidates and “management changes” for Juventus, an Italy -based football club where the company has a 10.7% stake.

According to a Monday Reuters report, Tether’s suggestions for the football club board are Come on Leading a November 7 shareholder meeting, and it will also contribute to nearly $ 129 million as part of the increasing capital in Juventus. Stablecoin Issuer first invested in Juventus in February, raising its stake In more than 10% in April as part of a “commitment to change and long -term collaboration,” according to CEO Paolo Ardoino.

https://www.youtube.com/watch?v=ziirhv3cbog

The football club board has not been a stranger to controversy in recent years. Each member Nagbiw In November 2022 amid allegations of financial fraud involving players’ salaries. Former chair of Juventus Board Andrea Agnelli and two other Juventus executives accepted the request to Italian authorities in September to deliver suspended sentences.

Reported board candidates from Tether arrived on the 11th anniversary of the company’s Stablecoin launch, USDT (USDT). Tether remains the largest stablecoin by market capitalization of more than $ 177 billion, but a ruble-back Stablecoin, A7A5, recently Became the largest coin non-US dollar with a $ 500-million market cap.

Cointelegraph handed Tether to comment but did not receive a response at the time of publication.

Stablecoin issuer cooperates with various non-crypto adventures

In addition to the investment of Juventus, Tether Got 30% stakes The Italian media company is water in May. Ardoino said that at this time, the transition was part of recognizing the “importance of independent media in shaping society knowledge.”