Tether: Will participate in Juventus' €110 million capital increase plan and submit a candidate list for the board of directors

ChainCatcher news, according to Reuters, Tether announced plans to submit its self-nominated board candidates at the annual shareholders' meeting of the Italian football club Juventus (stock code: JUVE.MI) to be held next month.

Tether currently holds 10.7% of Juventus shares, making it the club's second-largest shareholder, behind the Agnelli family's investment company Exor, which holds 65%. Juventus will vote on the board's renewal at the annual shareholders' meeting on November 7. Tether also stated that it plans to propose some "governance structure adjustments" at the meeting, but did not provide further details.

In addition, Tether added that it plans to participate in the capital increase proposal of up to 110 million euros (approximately 129 million dollars) suggested by Juventus' board last month. Exor has already paid nearly 30 million euros for this capital increase.