Tether Proposes Candidates for Juventus Board of Directors

Tether, the owner of the world’s largest stablecoin, plans to propose candidates for the board of directors for the Italian football club Juventus FC. According to a report by Reuters, Tether will present this proposal at the club's annual shareholder meeting on November 7.

Tether purchased an 8.2% stake in Juventus in February and increased its stake to 10.7% in April. The shareholders’ meeting will focus on the renewal of the board of directors, where members will vote. Tether has also indicated its intention to propose some "management changes" at the meeting; however, it did not disclose what these changes would entail.

Juventus dominated Italy's top football league, Serie A, in the 2010s and is one of the most famous football clubs worldwide. It is also the favorite team of Tether CEO Paolo Ardoino. Tether also intends to play an active role in the club's capital increase efforts.

Tether did not respond to CoinDesk’s request for additional comments.