TechFlow news, October 7 — According to Reuters, Tether said it plans to submit its own slate of board director candidates at the upcoming annual shareholder meeting of Italian football club Juventus (ticker: JUVE.MI), scheduled for next month.
Tether holds a 10.7% stake in Juventus, making it the club's second-largest shareholder after Exor, the investment company controlled by the Agnelli family, which owns 65%. Shareholders will vote on board renewal during Juventus' annual general meeting on November 7. Tether also said it intends to propose certain "governance restructuring" measures at the meeting, though it did not provide further details.
In addition, Tether stated it plans to participate in the capital increase plan of up to €110 million (approximately $129 million) recently proposed by Juventus' board. Exor has already contributed nearly €30 million toward this capital raise.
