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Tether Seeks Juventus Board Seats, Pledges Up to $129 Million Ahead of Nov. 7 Vote

The 10.7% shareholder qualifies to submit an alternate slate under Italian rules.

Overview

  • Tether says it will file an alternative list of directors for Juventus before the Nov. 7 shareholder meeting.
  • The company intends to join a capital increase of up to $129 million that the club proposed in September.
  • Despite holding 10.7%, Tether has previously been excluded from board seats and some funding rounds.
  • Exor controls about 65% of the club and has said it will not invest in crypto.
  • Juventus posted a $58 million loss for the year ending June 2025, increasing urgency for new financing and governance changes.