The stablecoin issuing company Tether plans to nominate its own slate of candidates to the board of directors of the Juventus football club at the annual general meeting of shareholders to be held on November 7, 2025, Reuters reported, citing an email exchange with the company.

Tether, which this year increased its stake in the Turin club to 10.7%, became Juventus’ second largest shareholder after the Agnelli family-owned investment company Exor, which owns 65% of the shares.

The company confirmed that it plans to submit its own slate of candidates to the board, as well as propose “changes in corporate governance,” without specifying details.

In addition, Tether has announced its intention to participate in Juventus’ capital increase of up to €110 million ($129 million), which the club announced last month.

The major shareholder Exor has already contributed about €30 million as part of this program.

In June, Bloomberg reported that after investing €128 million in a 10.7% stake in the club, the relationship between Tether and Juventus remained difficult.

At that time, Tether CEO Paolo Ardoino said that communication with the club was “very, very limited” despite the company’s repeated attempts to arrange a meeting with the management.

This tension is likely one of the reasons why Tether decided to seek its own representation on the board and influence the club’s corporate strategy.

Overall, the investment in Juventus is part of Tether’s strategy to diversify its assets and strengthen its presence in the real economy. The company is actively investing in financial institutions, mining, artificial intelligence, infrastructure, and now in the sports industry.

Ardoino recently announced the company’s plan to become the largest bitcoin miner by the end of 2025.