Tether Rejected Twice To Get on Juventus’ Board — Will It Succeed This Time

Core Insights - Tether aims to enhance its influence in Juventus FC by proposing candidates for the board, suggesting governance changes, and participating in a capital raise of up to $129 million [1][2][4] Group 1: Tether's Position and Plans - Tether has increased its stake in Juventus FC to 10.7%, making it the second-largest shareholder after Exor, which holds approximately 65% [3] - The company plans to propose its own candidates for the Juventus FC board during the annual shareholder meeting on November 7 [6] - Tether has been excluded from board decisions and additional funding rounds despite its significant shareholding [4][6] Group 2: Juventus FC's Financial Situation - Juventus FC reported a loss of $58 million for the fiscal year ending June 2025, highlighting its dire financial condition [4][6] - The club is considering a capital increase to address ongoing financial challenges, which Tether aims to be part of [2][4] Group 3: Potential for Change - Under Italian law, shareholders with at least 10% can propose alternative board lists, which could challenge Exor's dominance [5] - Discontent among minority shareholders due to the club's financial struggles may provide Tether with the necessary support for its proposals [5] - Tether's CEO, Paolo Ardoino, is a lifelong Juventus fan and is interested in integrating blockchain technologies to improve fan engagement and financial resilience [7]