Tether, the organization responsible for the USDT
Having acquired a 10.7% stake through investments made during February and April, Tether is now nominating two individuals for positions on the club’s board of directors.
In a public statement issued on October 16, Tether announced that Zachary Lyons, currently serving as the company’s deputy chief investment officer, and Francesco Garino, a practicing orthodontist and longtime supporter of Juventus, are their chosen candidates.
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The decision on their appointment will be made at a shareholders’ meeting scheduled for November 7th.
Tether’s statement accompanying the nominations highlighted the company’s commitment to fostering greater engagement with Juventus supporters and reinforcing the club’s overall governance structure.
According to the published announcement, numerous fans, both within Italy and internationally, have expressed a desire to have their opinions and suggestions considered. As a result, Tether is proposing alterations to the club’s existing regulations to promote improved representation and enhanced corporate practices.
Paolo Ardoino, the CEO of Tether, has openly expressed his ambitions for Juventus. He has frequently used the slogan “Make Juventus Great Again.”
These nominations follow a period of turmoil for Juventus. Back in November of 2022, the entire board of directors resigned from their positions amidst ongoing investigations into financial irregularities related to player compensation.
On October 14th, Tether finalized an agreement with the Celsius Network bankruptcy estate. Intrigued? Discover the complete details of the agreement.