MiTi: Cryptocurrency Tether wants to join Juventus’ board of directors, but it is not expected to have much decision-making power

According to Gazzetta dello Sport, the cryptocurrency company Tether wants to join the Juventus board of directors, but it is not expected to have much decision-making power.

In February this year, Tether announced the acquisition of the first minority stake of about 5% in Juventus; then at the end of April, it was announced that "Tether's shareholding exceeded 10% of Juventus Football Club and consolidated its position."

Now, Tether intends to enter the board of directors, CEO Paolo Ardoino said: "We will submit a list of candidates." Its core intention is to bring a representative of the company to Juventus's board of directors.

So, what will happen? In addition to EXOR, which is the majority shareholder, any shareholder holding more than 1%+1 of Juventus' shares can submit a list of candidates. The minority shareholder with the most votes will be entitled to a board seat, but the remaining seats will be owned by Exor.

In other words, if Tether wants to be represented on the board of directors, it must become the one with the most votes among the minority shareholders. Once it receives a majority of votes, its candidate can sit on the board of directors. But this will only be a seat and a symbolic representative, because while Exor still maintains its existing governance structure and ownership structure, such a seat does not have much room for decision-making.

But Tether can still participate in new capital increases in 2026 as permitted by the owner. The company's CEO Paolo Ardoino and one of the founders Giancarlo Devasini are both die-hard Juventus fans.