MILAN (Reuters) -Tether plans to file its own list of candidates for the board of Italian soccer club Juventus at an annual shareholder meeting next month, the crypto giant said on Monday in e-mailed
Tether to Nominate Board Candidates for Juventus Shareholder Meeting
Tether's Influence on Juventus
MILAN (Reuters) -Tether plans to file its own list of candidates for the board of Italian soccer club Juventus at an annual shareholder meeting next month, the crypto giant said on Monday in e-mailed responses to questions from Reuters.
Tether's Stake in Juventus
Tether built a 10.7% stake in Turin-based Juventus during this year, becoming the club's second shareholder after the Agnelli family's investment company Exor, which owns 65% of the club.
Upcoming Shareholder Meeting
Investors at Milan-listed Juventus will vote upon the company's board renewal at the club's annual shareholder meeting on November 7.
Proposed Governance Changes
Tether also said it intended to put forward some "governance changes" at the meeting, without elaborating.
Capital Increase Plans
The crypto firm added it planned to contribute to a capital increase worth up to 110 million euros ($129 million) which the board of loss-making Juventus proposed last month.
Exor has already paid nearly 30 million euros for that capital increase.
($1 = 0.8544 euros)
(Reporting by Elvira Pollina and Giulio Piovaccari, editing by Alvise Armellini)
