Tether has submitted a series of formal requests to Juventus concerning the upcoming capital increase and the structure of the club’s Board of Directors. The move comes ahead of the Shareholders’ Meeting scheduled for 7 November at the Allianz Stadium, where the new Board of Directors will be elected.
The stablecoin giant, which holds an 11% stake in the club and is Juventus’ second-largest shareholder after Exor, sent its proposals on Tuesday evening. The document outlined a number of additions to the meeting agenda, aiming to revise the process linked to the capital increase and propose amendments to the club’s statutes—some of which directly affect the organisation of the board and its internal composition.
Just days ago, Juventus unveiled the official lists of board candidates, including Tether’s own nominee, in line with its right to propose a representative.
Capital Increase: Tether’s Requests
In a letter signed by Giancarlo Devasini and sent to Juventus’ Board of Directors, the Board of Statutory Auditors and Consob, Tether requested a reordering of the meeting agenda. The company wants the section relating to the capital increase—a matter for the extraordinary session—to be addressed before the ordinary items, such as the approval of the financial statements as of 30 June 2025 and the election of the new board.
Tether also proposed introducing pre-emptive subscription rights for existing shareholders. In its view, the Board should define both the issue price and the number of new shares to be placed on the market from the outset, ensuring transparency and protecting shareholder value.
The company argued that offering the new shares to current investors would safeguard their stakes and encourage stronger, strategically aligned partnerships built on investment and innovation. Tether also declared its readiness to subscribe to its proportional share of the forthcoming capital increase outlined in its formal request.
Governance and Board Representation
In a separate communication, Tether put forward suggestions to strengthen minority shareholder representation within both the Board of Directors and its internal committees. The goal is to improve governance and ensure a more balanced decision-making environment.
Two proposals stand out. First, should a director’s seat become vacant during his or her term, the replacement should come from the unelected candidates on the same list from which the departing member originated. Second, in cases where multiple lists of candidates are presented, two board members should be appointed from the second most-voted list to guarantee proper minority representation.
Finally, Tether urged Juventus to ensure that minority shareholders have a tangible presence within the board’s internal committees. The company believes this measure would strengthen corporate governance standards, promote accountability, and foster a fairer and more effective exchange of views within the club’s top management.
