- Stablecoin giant Tether has submitted its list of candidates for the Juventus board.
- It also plans to propose “governance changes” and infuse €110 million in the Italian football club.
Tether is now flexing its power as the second-largest shareholder in Juventus. Reuters reported that the largest stablecoin issuer plans to submit several proposals to the Italian football club ahead of its next annual shareholder meeting in November.
Tether’s Proposals to the Juventus Board
According to the source, Tether has a 10.7% stake in Juventus. This makes it the second-largest shareholder next to Agnelli family-linked investment company Exor, which possesses 65% holdings.
Recently, it has come to light that Tether is exercising its influence to submit its own list of candidates for the Juventus board. The stablecoin company confirmed this in an email to the news agency.
Additionally, the crypto giant revealed it’s looking to introduce “governance changes” at the event. However, it has yet to discuss what changes it wants to happen.
Moreover, the stablecoin company disclosed that it will inject €110 million ($129 million) into the group. This comes hot on the heels of Juventus’ board proposal for a capital increase last month following a dismal financial performance in the fiscal year ending on June 30, 2025.
Juventus’ Financial Struggles
Juventus notably declared a loss of €58 million ($68 million) during that time. Nevertheless, it’s a significant improvement to the nearly €200 million ($234 million) loss incurred in the previous fiscal year.
The 127-year-old group was able to cut its losses with €75 million ($88 million) earnings in its return to the Champions League and another €27 million ($32 million) in its participation up to the Round of 16 in the Club World Cup based on Juventus community data.
Despite the considerable improvement in its accounting books, it doesn’t expect to log profits until the next fiscal reporting period. The club believes it will only achieve a breakeven point by 2026-2027, after a full decade since it last posted a net profit in the 2016-2017 fiscal year.
To accommodate more capital investments and restructure some of its debts, the Turin-based club announced a 12-year bond issuance worth €150 million ($176 million).
Crypto Institutions Taking a Broader Institutional Role
Tether’s latest move displays the trend where cryptocurrency powerhouses are transitioning from simple sponsorships to seeking a direct, influential role in the governance and financial health of traditional, high-profile institutions, especially in sports. It’s a clear signal of its intention to have an active voice in the club’s future direction, moving beyond the passive role of a minority shareholder.
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