Tether Considering Investment in Juventus
The sale of shares is underway, aimed at qualified investors.The stablecoin issuer, Tether, will subscribe to at least its portion, and could potentially increase its stake by up to 11.5%.
Juventus is launching a capital increase of approximately 100 million euros, and reports suggest Tether will also participate. The club announced the operation, which will be conducted through an accelerated bookbuilding – a fast sale of shares that could finalize tonight. Unicredit is managing the process.
Tether’s Potential Role
The share placement is limited to institutional investors. Exor, Juventus’s parent company, has stated it’s prepared to fully cover the increase and will, at a minimum, subscribe enough shares to maintain its current 65.4% ownership.Though, contrary to recent reports, the Agnelli-Elkann holding will also allow space for other investors. Tether,the company behind the most popular stablecoin,is among them.
Worth a look