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Category: CRYPTO NEWS
The post Tether Shut Out of Juventus Governance Despite €128M Stake appeared on BitcoinEthereumNews.com. Tether acquired 10.7% of Juventus for €128 million but remains excluded from club governance by majority holder Exor. CEO Paolo Ardoino seeks a board seat and calls for modernization using AI and blockchain technologies. Tether’s broader investments in media, farming, and AI reflect its push beyond crypto into sports and traditional industries. Tether, issuer of the USDT stablecoin, has emerged as the second-largest shareholder of Italian football club Juventus, after building a 10.7% stake valued at approximately €128 million. The crypto firm announced its initial investment in February 2025 and completed the accumulation by April. Despite the significant holding, Juventus and its majority owner Exor have largely shut out Tether from club governance. “Very, very limited” communication exists between the parties, according to Tether CEO Paolo Ardoino. He said the company has repeatedly requested meetings to discuss the future of the club but received no response. Juventus has deferred talks until after the Club World Cup ends in July. Tether’s stake was acquired publicly, meaning it didn’t involve direct negotiation for board representation. Still, Ardoino believes the holding justifies influence over key decisions. “We first want to understand how or if there is space for collaboration,” he said. “Before taking any other step, it would be nice to try to find a way to meet on common ground.” Exor Holds Control as Juventus Weighs Capital Raise Exor, the holding firm of the Agnelli family, owns 65.4% of Juventus and has controlled the club for over a century. Juventus expects to post an €18 million loss in its next financial report and may raise up to €100 million to fund new player acquisitions and cover losses. Exor has committed €15 million to preserve its majority stake in any potential raise. Tether, holding $156 billion in assets including $115 billion in U.S.…
2025-06-25T23:43:09+00:00
https://bitcoinethereumnews.com/tech/tether-shut-out-of-juventus-governance-despite-e128m-stake/?utm_source=rss&utm_medium=rss&utm_campaign=tether-shut-out-of-juventus-governance-despite-e128m-stake