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 reports suggested that stablecoin issuer Tether would be pitching its own names to fill the board for Italian football club Juventus, the company announced two picks: its own deputy chief investment officer and a medical doctor.
In a Thursday notice, Tether said it had nominated its deputy CIO, Zachary Lyons, and an orthodontist and “lifelong Juventus supporter,” Francesco Garino, to the football club’s board of directors. The stablecoin company holds a 10.7% stake in Juventus after investments in February and April.
“Since announcing our investment in the Club, Tether has listened carefully to the voices of fans from Italy and across the whole world, receiving invaluable suggestions, feedback, and calls for deeper engagement,” Tether said in the announcement.
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