News

What Tether is asking from Juventus board

Published

11 months ago

October 24, 2025

According to La Gazzetta dello Sport, a dispute has erupted inside Juventus’ board of directors between Exor and Tether. Exor, the Agnelli-Elkann family holding and majority shareholder of the club, faces growing opposition from Tether, the cryptocurrency company that recently acquired an 11% stake in Juventus.

The disagreement centers on the €110 million capital increase already approved by the board. Tether has asked that the purchase options for the new shares be offered to all shareholders, not just the majority.

The company believes this would guarantee a fairer valuation of every investor’s stake and prevent dilution of existing holdings. Exor’s board representatives, however, have recommended that shareholders vote against Tether’s proposals during the upcoming general meeting scheduled for November 7.

The issue has created visible friction within the boardroom, highlighting the growing influence of new investors and their push for greater representation in Juventus’ governance.

Tether seeks more power for minority shareholders

Beyond financial matters, Tether is also demanding broader participation for minority shareholders within Juventus’ board structure. The crypto firm has asked for two seats instead of one for minority members. And along with representation in each of the board’s auxiliary committees.

Last week, Tether submitted its own list of two candidates — Francesco Garino and Zachary Lyons — to join the club’s board of directors. Meanwhile, Exor, which controls 65.4% of the club’s shares, presented its official list headed by Gianluca Ferrero, who is expected to remain president.

Other nominees include Antonio Belloni, Guido de Boer, Damien Comolli, Laura Cappiello, Fioranna Vittoria Negri, Kerstin Andrea Lutz, Diva Moriani, and Diego Pistone.

Tether’s proposals reflect a desire to strengthen the role of smaller shareholders in shaping Juventus’ future. However, Exor’s dominant position gives it significant control over key decisions.

The November meeting will be crucial in defining the balance of power inside the Juventus boardroom. A moment that could influence both the club’s financial direction and its evolving corporate identity.