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.