Tether Investments, a subsidiary of the Tether Group, announced an increase in its investment in Juventus Football Club, reaffirming their long-term commitment to collaboration.
Tether and Juventus: Stake Increase
Tether's recent acquisition raises its stake in Juventus to over 10.12% of the club's share capital, giving the company 6.18% of the voting rights. This expansion follows Tether's previous purchase of 8.2% of the shares, granting them greater influence over club decisions.
Innovation and Growth: Tether's New Strategy
Tether sees its investment not just as an acquisition of shares but as an opportunity to introduce new ideas to the club's development. The company is active in various sectors including agriculture, biotechnology, artificial intelligence, and media. Tether believes these areas can help Juventus expand its global presence and enhance fan engagement through technology. Tether CEO Paolo Ardoino expressed excitement about the partnership, stating the investment is aimed at financial growth and long-term collaboration.
Long-Term Support for Juventus from Tether
During the announcement, Tether reaffirmed its commitment to supporting Juventus in the long run. The company has offered to assist with future investments to strengthen the club's finances. This shows Tether's trust in Juventus's future potential and readiness to help the club grow.
Tether's investment in Juventus highlights the growing interest of cryptocurrency companies in investing in sports teams, opening up new opportunities for both the companies and the clubs.
