Overview
- Juventus’ board, dominated by Exor, agreed to add Tether’s items to the agenda but urged shareholders to vote against the proposals.
- Tether holds roughly 11–11.5% of the club and has nominated Francesco Garino and Zachary Lyons, with one minority seat customary under the current bylaws.
- Juventus closed 2024–25 with a €58.1 million net loss, and the board approved a simplified ABB capital raise as part of a roughly €85–110 million recapitalization with initial tranches already advanced by Exor.
- Tether seeks a rights offering open to all shareholders and bylaw changes granting two minority directors plus representation on board committees.
- Exor controls about 65–67.5% of the equity and roughly 78% of voting rights, while Tether says it will participate in the capital increase to avoid dilution.