Tether Proposes Two Board Nominees for Juventus Following Minority Stake

Stablecoin operator Tether has submitted two nominees for election to the board of directors of Italian football team Juventus Football Club S.p.A. ². The nominations follow the firm's acquisition of a minority ownership position in the Serie A club earlier in the year ¹, ².

Tether put forward Dr. Francesco Garino, a Turin-based medical professional and longtime club supporter, alongside Zachary Lyons, Tether's deputy chief investment officer ². The company stated that the candidacies aim to combine fan representation with financial oversight, while also proposing changes to the club's bylaws to bolster corporate governance and minority shareholder rights ². Tether Chief Executive Paolo Ardoino and Vice President of Strategic Projects Juan Sartori continue to direct the firm's involvement with the sports franchise ².

Broadening Beyond Digital Reserves

Tether initially revealed its minority investment in Juventus on Feb. 14, 2025, deploying capital through an investment division operating outside the reserve pool backing its flagship $USDT stablecoin ¹. At the time of that initial transaction, Tether reported that its stablecoin held a market capitalization exceeding $140 billion across more than 400 million users in emerging regions ¹.

The move marks an escalating push by the digital asset firm to link traditional European sports franchises with technology, artificial intelligence, and payments infrastructure ¹. The company had previously partnered with Swiss club FC Lugano through a kit sponsorship launched under the Plan ₿ municipal project ¹. With the board nominations submitted, Juventus shareholders will evaluate the proposed bylaw updates and director selections at an upcoming general assembly ².