Tether Seeks Board Influence at Juventus After €128M Investment

Tether, the issuer of the world's largest stablecoin, has emerged as Juventus' second-largest shareholder with a €128 million stake acquired in February 2025. The crypto giant now presses for a board seat amid strained relations with Exor, the Agnelli family holding company that controls 65.4% of the storied Italian football club.

Four months after the Valentine's Day investment—a historic first for crypto involvement in major European football—Tether CEO Paolo Ardoino reports communication breakdowns with Juventus management. The stablecoin provider has submitted multiple requests to expand its stake and participate in governance, with the club deferring discussions until after July's Club World Cup.

Juventus faces financial headwinds, anticipating €18 million in losses next quarter. While Exor committed €15 million to shore up operations and maintain majority control, Tether's $150 billion portfolio—including $115 billion in USDT reserves—positions it as a potential financial lifeline. The stalemate highlights growing crypto capital's push into traditional sports infrastructure.