TechFlow, June 25 — According to Bloomberg, Tether has become the second-largest shareholder in Italian football club Juventus, acquiring a 10.7% stake valued at approximately €128 million. Tether CEO Paolo Ardoino stated that communication between Tether and Juventus, as well as its controlling shareholder Exor, has been "extremely limited" since the initial investment announcement in February. Tether is seeking a seat on the board and intends to participate in future financing rounds. Juventus previously indicated it is considering a fundraising plan of up to €100 million and will meet with Tether after the season concludes. Tether emphasized its desire to "help the club achieve long-term success," but has not yet decided whether to further increase its shareholding.
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