โฝ Juventus approved a capital raise of up to โฌ250M after a โฌ66M loss. Here is what Tether is putting in, what is confirmed and what to watch.
โฝ The company behind USDT has lined up about โฌ28.8 million for a football club that lost โฌ66 million last year. Odd pairing? Here is what is actually confirmed, what isn't, and what to watch.
๐จ Tether is best known for a token that stays at $1. Juventus is best known for black and white stripes. This week the two ended up in the same sentence again. ๐ค
๐ The Vote That Started It
On November 3, Juventus shareholders met at the Allianz Stadium and approved the accounts for the year to June 30, 2026. The consolidated loss was โฌ66 million, and the club itself was down โฌ67.2 million, covered from reserves. They also gave the board room to raise up to โฌ250 million.
๐ถ Who Is Expected to Pay
This is simple pro-rata math, so treat the figures as estimates:
Exor (65.375%): about โฌ164 million, with โฌ60 million already advancedTether (11.527%): about โฌ28.8 million, roughly $32 millionLindsell Train (6.2%): about โฌ15.5 millionEveryone else (16.9%): about โฌ42.3 million
Exor has also said it will take whatever the others leave on the table.
๐๏ธ Where the Money Is Headed
The stated aims are a stronger balance sheet, sporting competitiveness and possible upgrades to strategic property, mainly the Allianz Stadium. One report says around โฌ100 million could go on transfers between January and next summer. Permission to raise โฌ250 million is not โฌ250 million in the bank, so keep that gap in mind.
๐ณ๏ธ Tether's Position
Tether plans to take its share but abstained on the financial statements and other agenda items, according to TechFlow. In the previous capital increase it put in about โฌ11 million and kept its percentage. Last year, its CEO said Juventus had not let it take part in a raise at all, which makes this year's seat at the table stand out.
๐ What We Can't Conclude
Taking your pro-rata share keeps you where you are. It is not a bid for control. Every amount above is an estimate from reports, not a company statement. And if shares go unsubscribed and Exor covers them, the final percentages will shift.
๐ข The Best Case
The raise completes, losses narrow and the club qualifies for the Champions League, which its CFO called vital to its finances.
โ ๏ธ The Risk Scenario
Another loss lands, European qualification slips, or shares go unsubscribed and Exor's stake rises, which would dilute every other holder, Tether included.
๐ Three Things to Watch Next
Is the raise fully subscribed, or does Exor step in?Does Tether's stake stay near 11.5% after the raise?Does Juventus make the Champions League?
๐ก The Takeaway
Tether is set to put about โฌ28.8 million into a club that lost โฌ66 million, as part of a raise of up to โฌ250 million.
The numbers are estimates, and the voting pattern shows support for the raise without a blanket yes to the accounts.
I would pay particular attention to whether Tether's stake holds near 11.5% after the raise, because that says more about its intent than the amount does. For $USDT readers, it is a reminder of how far a stablecoin issuer's balance sheet reaches beyond crypto.
๐ฏ Is a stablecoin issuer owning a football club stake a smart long-term bet or a distraction from its core business? And does it make you trust $USDT more, less or the same?
I'm interested in hearing how you see it. Share your view below. ๐
That is the part worth watching.
This post is for informational and educational purposes only and is not financial advice. Crypto markets are volatile. Always conduct your own research before making financial decisions.
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