Tether increase Juventus stake to become second-highest investors | OneFootball

Cryptocurrency firm Tether have confirmed that they have purchased more shares in Juventus, and that they are now the second-largest investors in the Serie A giants.

Back in February, Tether purchased a minority stake in Juventus, understood to be around 8.2% of the club’s shares, which brought just over 5% of voting rights. After their most recent acquisition, Tether now own 10.12% of the club’s shares, and have around 6.18% of the voting rights.

“This strategic move follows Tether’s initial acquisition of 8.2% of the issued share capital (representing just over 5% of voting rights) of the Club, allowing Tether to further increase its investment in the iconic Turin-based football powerhouse,” a statement from Tether read.

“The investment reflects Tether’s long-term commitment to Juventus’s future and its confidence in the Club’s intrinsic value and growth potential. It also signals the beginning of what is expected to be a deep and mutually beneficial partnership aimed at creating synergies between the worlds of sport and technology.”

Tether becomes new second-largest Juventus investor

epa09150614 General view of the Allianz Stadium ahead the Italian Serie A soccer between Juve and Parma Calcio in Turin, Italy, 21 April 2021. EPA-EFE/ALESSANDRO DI MARCO

As a result of Tether’s most recent acquisition of shares, the firm is now the second-largest shareholder in Juventus.

EXOR, the holding company attributed to the Agnelli family, still owns a clear majority of the shares in Juventus with 65.4%.

Tether now owns 10.1% of the Bianconeri shares, which means they have overtaken investment management company Lindell Train, who now own 8.7% of the club’s shares. The remaining 15.4% is in the form of floating shares.