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Tether Seeks Board Representation at Juventus FC Amid Governance Push
Tether Seeks Board Representation at Juventus FC Amid Governance Push
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BTCCSquare news:
Tether, the issuer of the world's largest stablecoin, is moving to assert greater influence over Juventus FC after accumulating a 10.7% stake in the Italian soccer giant. The company will nominate candidates for the club's board at November's shareholder meeting, signaling a strategic shift from passive investment to active governance participation.
The stablecoin provider first acquired 8.2% of Juventus in February before increasing its position in April. Tether CEO Paolo Ardoino, a self-professed Juventus supporter, appears to be driving the engagement. While details remain scarce, the proposed governance changes could reshape operations at the Serie A club that dominated Italian football throughout the 2010s.
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