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Tether CEO says Juventus blocked its participation in €15M–€110M capital increase

Tether’s exclusion from this month’s €15M–€110M fundraising has raised questions about Juventus’s governance.

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Overview

  • Tether holds a 10.12% stake in Juventus, making it the club’s second-largest shareholder.
  • CEO Paolo Ardoino said on social media that Juventus management has barred Tether from joining the capital increase announced a month ago.
  • Ardoino reaffirmed Tether’s readiness to participate in future capital injections to bolster the club’s financial stability.
  • He indicated that private attempts to engage Juventus executives over the issue have so far been unsuccessful.
  • Fans posted mixed reactions under Ardoino’s message, with some praising fresh investment and others criticizing the public airing of grievances.