Tether Seeks Board Seat in Juventus Amid Capital Increase Plans

According to Odaily, stablecoin issuer Tether has announced its formal request in May to participate in Juventus Football Club's capital increase plan and has applied for a board seat. Currently, Tether holds over 10% of the club's shares, making it the second-largest shareholder after the controlling entity, Exor. Although the initial request was not accepted, the club has proposed a new meeting date, and both parties are coordinating to arrange a suitable time. Tether emphasized its willingness to be an "active participant in Juventus' future development" and is prepared to make substantial contributions to the team.