Tether to Invest €28.8 Million in Juventus Capital Increase, Abstains on Financial Report

TechFlow report: On November 8, according to La Gazzetta dello Sport, stablecoin issuer Tether, which holds about 11.5% of Juventus, will participate in the €250 million capital increase proposed by major shareholder Exor at the November 3 shareholders' meeting, contributing €28.8 million in proportion to its shareholding and voting in favor of the capital increase proposal. On other agenda items, however, Tether abstained on all of them, including the financial report showing a €66 million loss, the appointment of Giovanni Carnevali and Martina Storti to the board of directors (succeeding Damien Comolli and Kerstin Andrea Lutz), and the executive stock incentive plan. This contrasts with a year earlier: at the shareholders' meeting on November 7, 2025, Tether had voted in favor of the financial report showing a €58 million loss but raised procedural objections to the €98 million capital increase proposed at the time, demanding the inclusion of preemptive rights for existing shareholders and immediate determination of the issue price and number of shares. After the motion was rejected, it still contributed €11.7 million to participate. In December 2025, Tether also submitted a binding offer to the Agnelli family holding company to acquire all shares in Juventus, but it was rejected.

Source: TechFlow