USDT Stablecoin Issuer Tether is the second largest shareholder in the Juventus Football Club, which only tracks Exor NV, an investment vehicle for the Italian Agnelli family. This is the first time a major European soccer club has counted a crypto company among its top investors.
Tether, who officially revealed his shares in February, has accumulated 10.7% ownership in a Turin-based club, which currently costs around 128 million euros ($149 million), per Bloomberg data.
Juventus is undoubtedly Italy's most decorated football club and is now part of the 2025 Club World Cup tournament. It was under the control of the Agneli family, which had been dominant interest since 1923. Exor, which owns about two-thirds of Juventus, also owns stakes in companies such as Stellantis, Ferrari and Luxury Brand Christian Louboutin.
Tether CEO: Limited discussion with Exor
In a previous interview, Tether CEO Paolo Aldoino I said Bloomberg said that communication between Juventus and its majority owner, Exor, is “very, very limited.” According to Ardoino, Tether has sent multiple letters attempting to arrange for a formal meeting, but no dates have been set.
Juventus reportedly proposed postponing the meeting until the season ends in early July. Exor has not commented on Tether, but sources familiar with the issue say that when a meeting occurs, it is expected that they will discuss the club's business structure.
“Our interest is to ensure the club's long-term success,” a Tether spokesman said. “We believe that speaking up to decisions is part of fulfilling that responsibility.”
The lack of involvement from Juventus appears to have frustrated crypto executives. Ardoino said at one point he had to buy his own match ticket to join the game this season.
The club, which opened 35% of its shares to the public in 2001, said it was trying to raise capital up to 100 million euros to fund the acquisition of summer players in March. Exor has already agreed to offer an upfront payment of 15 million euros and is committed to maintaining a 65.4% stake.
Questions regarding illegal use of USDT
In the eyes of Juventus board members, Tether is a crypto-born company with a “opaque corporate structure” that closely resembles Juventus's century governance model.
The 2023 UN report lists tether stubcoins USDT It estimated $19.3 billion in criminal transactions involving tokens last year as illegal financial currency. American officials have argued that it is also used to avoid sanctions and fund conflicts.
Tether claims he worked closely with law enforcement to counter misuse and helped to freeze assets worth millions of dollars.
According to company records, the company made $13 billion in profits in 2024, with the $115 billion U.S. Treasury backing its $150 billion portfolio. Liquidity appears to have been used to buy 30% Stakes Italian media companies will be water and projects for social media, agricultural infrastructure and brain technology.
Like many popular football clubs, Juventus is operating at an economic loss and needs fresh capital. Bloomberg consensus estimates that it will post a deficit of 18 million euros in its upcoming annual report. Juventus isn't like that I won The title is five years after the Italian Serie.
Aldoino believes Tether's technical resources will help solve Juventus' problems.
“The Italian football ecosystem is still very rooted in traditionAldoino said.But that's a bit unfortunate as you can see Manchester United, Chelsea and PSG in other parts of the world. They are more open to new ways to see sports like brands. ”
