BlockBeats News, October 7th, according to Reuters, Tether has indicated that it plans to submit its proposed board of directors candidate list at the annual shareholder meeting of Italian football club Juventus (stock code: JUVE.MI) scheduled for next month.
Tether already holds a 10.7% stake in Juventus, becoming the club’s second-largest shareholder after the Agnelli family’s investment company Exor, which holds 65% of the shares. Juventus will vote on the board of directors’ renewal at the annual shareholder meeting on November 7th. Tether also stated that it plans to propose some “governance structure adjustments” at the meeting but did not provide further details.
Furthermore, Tether added that it plans to participate in the €110 million (approximately $129 million) capital increase plan proposed at last month’s Juventus board meeting. Exor has already paid nearly €30 million for this capital increase.
