Tether May Nominate Two Candidates to Juventus Board After 10.7% Stake, Firm Holds About 100,000 Bitcoin

• Tether holds a 10.7% stake in Juventus and has formally nominated two board candidates.

• Tether nominated deputy CIO Zachary Lyons and orthodontist Francesco Garino, described as a lifelong Juventus supporter.

• As of September, Tether reported roughly 100,000 BTC holdings and a USDT market cap above $181 billion, and recently invested $775 million in Rumble.

Tether Juventus board nominations confirm two candidates and outline governance aims; read the full update from COINOTAG and see what investors should watch next.

What are Tether’s Juventus board nominations?

Tether Juventus board nominations refer to the company’s formal proposal to add two individuals — its deputy chief investment officer and a medical doctor — to Juventus Football Club’s board ahead of a Nov. 7 shareholder meeting. The move follows Tether’s acquisition of a 10.7% stake and aims to influence by-law and governance improvements.

Who were the nominees and what are their roles?

Tether announced two nominees: Zachary Lyons, identified as deputy chief investment officer at Tether, and Francesco Garino, an orthodontist described as a “lifelong Juventus supporter.” Tether framed the nominations as part of efforts to propose by-law changes and enhance corporate governance and minority representation at the club.

The stablecoin issuer confirmed reports that it would nominate members to the football club’s board of directors about eight months after its initial investment.

About two weeks after media reports suggested Tether planned to propose board candidates for Italian football club Juventus, the issuer confirmed its nominations. In an official notice, Tether said it had put forward its deputy CIO, Zachary Lyons, and orthodontist Francesco Garino to be considered by shareholders.

Source: Tether

In the announcement, Tether reiterated a commitment to listen to fans and stakeholders globally. The company stated it had received “invaluable suggestions, feedback, and calls for deeper engagement” and planned to advance proposals at the shareholder assembly to adopt “best-in-class corporate governance and representation of minorities.”

Tether CEO Paolo Ardoino also used the announcement to restate a slogan aimed at reinvigorating the club: “Make Juventus Great Again.” Ardoino previously attended the GENIUS stablecoin bill signing ceremony at the White House in July, underscoring the company’s high-profile public engagements.

The board nominations are set to be decided at a Nov. 7 shareholder meeting. The timing follows a turbulent period in Juventus’ governance: in November 2022, the entire board resigned amid investigative actions related to accounting and player contracts, and in September several former executives, including ex-chair Andrea Agnelli, accepted plea deals with Italian authorities.

Tether’s broader investment footprint and financial position

How does this fit with Tether’s other investments?

Tether’s equity investments extend beyond sports. The company invested $775 million in video platform Rumble and in August proposed a joint offer with Rumble to acquire Northern Data for approximately $1.17 billion. Beyond these deals, Tether holds a substantial Bitcoin position — roughly 100,000 BTC — and its USDt stablecoin had a market capitalization exceeding $181 billion as of Thursday, according to Tether disclosures.

Frequently Asked Questions

Will Tether control Juventus if its nominees are elected?

If elected, Tether’s nominees would represent the company on Juventus’ board but would not by themselves constitute control. Tether currently holds a 10.7% equity stake; board representation aims to influence governance and by-law reforms rather than immediate outright control.

Why did Tether nominate an orthodontist alongside a finance executive?

Tether stated the nominations reflect a mix of professional expertise and club allegiance. Zachary Lyons brings institutional investment experience, while Francesco Garino was described as a “lifelong Juventus supporter,” positioning the slate as both governance-oriented and community-aware.

Key Takeaways

• Board nominations filed: Tether has nominated Zachary Lyons and Francesco Garino to Juventus’ board ahead of a Nov. 7 shareholder vote.
• Governance agenda: The nominations accompany proposals to amend by-laws and enhance corporate governance and minority representation.
• Wider corporate context: Tether’s investments include Rumble and proposed Northern Data acquisition; the issuer also reports substantial Bitcoin holdings and a large USDT market cap.

Conclusion

This development marks a notable instance of a major stablecoin issuer seeking formal governance influence within a top European football club. COINOTAG reports that Tether’s engagement is positioned as a governance and representation initiative, with a Nov. 7 shareholder vote set to decide the nominations. Watch for the shareholder meeting outcome and official Juventus disclosures for next steps.

Published: 2025-10-16   |   Updated: 2025-10-16

Author / Organization: COINOTAG