Juventus has launchedโ a capital increase of โapproximately โฌ110 million, with cryptocurrency firm Tether poised to participate, escalating its stake in the storied Italian football club. The move comes as Tether, already the second-largest shareholder behind the Agnelli-Elkann family’s Exor holding, continues to publicly expressโ interest in acquiring full ownership of Juventus.
The capital increase provides Tether, which initially entered Juventus in โFebruary with a 5% share and has since risen to 11.5%, an opportunity to further solidify its position.โ The company has formally requested โa seat onโ the board of directors andโ the right to subscribe to the fullโข โฌ110 million offering. This development intensifies a shareholder dynamic with Exor,which has repeatedly stated its โunwillingness to sell its shares.
Tether’s CEO,Paolo Ardoino,has openly stated his ambitionโค to purchase the club,saying,”I’d like to buy it,” though he acknowledges that negotiations are currently stalled due to Exor’s lack of interest inโ selling. at the recent Juventus shareholders’ meeting, Tetherโ secured its first board seat, electing Francesco Garino, an orthodontist, as a director.
The investment โunderscores the growing intersection ofโ cryptocurrency and traditional sports, and signals โTether’s intent to leverage the โJuventusโฃ platform to expand its reach within the โglobal sports market. โขThe outcome of โthisโ shareholder battle โขand Tether’s future investmentโฃ strategyโ will be closely watched by both the financial and sports industries.
