Tether, the cryptocurrency company, has raised its stake in Juventus to 10.7% of the club’s share capital, solidifying its position as the second-largest shareholder after Exor, the Agnelli family’s investment company. IlBianconero report that this move marks a significant step in Tether’s ambitions within the world of European football, as it now seeks a seat on Juventus’ Board of Directors.
The latest increase in Tether’s shareholding, valued at approximately €128 million, comes after the company steadily acquired more shares in recent months. Despite this growing financial presence, Tether’s CEO Paolo Ardoino has voiced frustration over limited communication with both Juventus and Exor. Ardoino has stated that Tether’s desire to participate in a potential capital increase at the club has so far been ignored, and that efforts to establish a dialogue with Juventus leadership have yielded little progress.
Tether’s intentions are clear: the company wants a direct role in shaping the future of Juventus. A spokesperson for Tether emphasized that their interest lies in ensuring the club’s long-term success, and that having a voice in key decisions is seen as an integral part of fulfilling this responsibility.
In recent months, Tether and Juventus have exchanged correspondence in an attempt to arrange a meeting, but no date has been set. Juventus has proposed holding talks after the end of the football season, while Exor has indicated it will assess its position regarding Tether only after such a meeting takes place.
Meanwhile, the backdrop to these developments is Juventus’ ongoing evaluation of a potential capital increase, estimated to be in the range of €110–120 million. Exor has already contributed €15 million, but a final decision on whether to proceed with the full capital injection has yet to be made.
