Tether’s CEO, Paolo Ardoino, said the company is not being allowed to join the Italian giant Juventus Football Club’s new fundraising plan.
On June 2, Ardoino posted on X after many Juventus fans asked why Tether wasn’t helping the club buy new players and become stronger again.
He explained that Juventus started a capital increase in April 2025, but didn’t give Tether permission to take part. That means even if Tether wants to invest money, they legally can’t.
“Tether wants to help Juventus grow, but the club hasn’t let us join the fundraising that started a month ago (between €15–110 million). We can’t invest unless the club says yes.”
He added in a joking way: “It’s sad that people who are ready to invest and support the club are being left out. I just hope the money from my seat ticket helps cover their costs.”
The world leader in stablecoin has started investing in Juventus in February 2025, securing an initial 8.2% stake. By April, it had increased its holdings to 10.12% of issued shares, equating to 6.18% of the club’s voting rights.
