Tether, giving the world’s largest stablecoin, is planning to suggest own candidates for a board seat at Juventus FC, the Italian Soccer Club where it owns a stake of 10.7%, Reuters reported on Monday.
Stablecoin Giant will submit its list to the annual club shareholder meeting in November, according to the report, citing an email from Tether.
Tether also said it plans to propose some “management changes” at the November 7 meeting, despite not detailed what they are, the report said. Juventus investors will vote for the company’s board renewal at the shareholder meeting.
Tether got 8.2% of Juventus in February, and subsequently increased its stake to more than 10% In April.
During the months that followed, Tether demanded a more active role in the operation of I Bianconeri (the white and black), requesting to participate in the club’s increasing capital and to be given a board seat.
Juventus, considered one of the most popular soccer clubs in the world, led Italy’s leading division Serie A throughout 2010. This is also Tether CEO’s favorite team Paolo Ardoino.
Tether did not respond to CoinDesk’s request for further comment.
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