Juventus's second largest shareholder Tether seeks a seat on the board of directors

Gate News bot news, according to Bloomberg, on Valentine's Day, Cryptocurrency company Tether, based in El Salvador, announced its investment in one of Italy's most prominent football clubs, Juventus. However, four months later, the two sides did not go smoothly.

By 2025, no major European football club had ever listed a cryptocurrency company as one of its largest shareholders. According to Bloomberg's data at Monday's close, Tether Holdings SA first announced its stake in Juventus in February this year, accumulating 10.7% of the shares by April, currently valued at approximately 128 million euros (149 million U.S. dollars).

Tether is currently the second largest shareholder of Juventus, second only to Exor NV, the largest shareholder of Juventus. Exor NV is the investment company of the Agnelli family, a billionaire family in Italy, and has been managing Juventus Club for over a century.

Tether CEO Paolo Ardoino said in an interview earlier this month that communication between Juventus, Exor, and Tether has been 'very, very limited' since Tether began accumulating Juventus shares nearly half a year ago.

Ardoino said that he hopes to increase his stake in Juventus through possible club capital increases, but this wish has been ignored. According to a statement from the company, Tether is also seeking a seat on the Juventus board of directors.

A spokesperson for Tether said in a statement: 'We are focused on ensuring the long-term success of the club. We believe that having a say in key decisions is part of fulfilling this responsibility.'

In the past few months, Tether and Juventus have exchanged letters multiple times trying to arrange a meeting, but the date has not been confirmed yet. Juventus is currently in the United States participating in the Club World Cup, which will end in early July. A spokesperson for Juventus expressed in a statement that Juventus has proposed to hold a meeting after the end of the season.

According to an unauthorized source, Exor plans to evaluate its position on Tether after meeting with the cryptocurrency company and Juventus.

Juventus stated in a previous regulatory announcement that it has not yet made a final decision on whether to seek more external capital. A spokesperson for Exor declined to comment.