Tether plans to take a seat on the Juventus board after purchasing nearly 11% of the club's shares for €128 million.
However, relations between the club and the USDT issuer are strained.
A meeting between representatives of the companies is expected to take place after the season ends.
The crypto company #Tether , issuer of the USDT stablecoin, has become the second-largest shareholder of the Juventus football club, acquiring 10.7% of the shares for around €128 million. However, four months after the investment, relations with the club and its main shareholder — the Exor holding — remain strained.
Tether CEO Paolo Ardoino stated that communication with Juventus was "very, very limited," despite repeated attempts to organize a meeting.
The company aims to secure a seat on the board and participate in a potential capital increase for the club.
«Our interest lies in ensuring the long-term success of the club. We believe that having a voice in key decisions is part of the responsibility,» Tether stated.
#juventus , historically managed by the Agnelli family through the Exor holding company, is currently preparing to finalize its participation in the Club World Cup in the USA.
The club stated that a meeting with Tether is only possible after the season ends. Exor, which owns 65.4% of the shares, promised to review its position after a personal conversation between the parties.
Tether views football as a platform for innovation, particularly in the field of artificial intelligence and talent analytics.
Despite the lack of official concessions from Juventus, Ardoino continues to publicly support the club, attending matches as a fan:
«I bought the ticket myself. I was among the fans. I really enjoyed it. We do not expect privileges. We are here to help,» he said to the publication.
So far, the club has not made a final decision on attracting external capital. However, in March, Juventus announced the possibility of raising up to €100 million, of which €15 million has already been provided by Exor for summer transfers.
According to media reports, despite its novelty in the football world, Tether has the necessary resources: the company earned $13 billion in profit in 2024 and owns $150 billion in assets, including $115 billion in U.S. government bonds. However, Tether has not disclosed a complete audit of its financial statements.
Tether has also faced reputational issues — in particular, accusations of facilitating sanctions evasion and using USDT in criminal activities. The company insists that it actively cooperates with law enforcement and advocates for transparency.
