As well as being the largest stablecoin in the world, USDT, Tether also owns more than 10% of Juventus FC and is now looking to play a more active role in running the powerhouse of Italy soccer.
Tether asked Participate in the recent club capital increase And it will be given a board seat in May, according to an email statement from the Stablecoin Issuer.
“While these requests have not been taken on time, a new assembly date since suggested, and we are currently interacting with stakeholders to confirm having or suggest an alternative if necessary,” Tether said.
Juventus led Italy’s football throughout 2010 which won nine consecutive title of Serie A between 2011 and 2020, but has been in a rebuilding mode since the end between the third and seventh in each of the five periods since their last championship.
Tether The stake increased In Bianconeri (“The white and black”) In more than 10% in April, which bought 8.2% of the club in February. It is Juventus’s second largest shareholder. Exor, the holding company of The Agnelli family, owned by 65%.
“(Our) goal is to be a support and committed partner in the club’s future,” Tether said. “We acknowledge that significant investment is required to come up with a competitive squad, and we are willing to contribute significantly to that effort.”
The news of Tether’s requests was previously Bloomberg reported On Wednesday.
