Tether to participate in Juventus' €250 million capital increase in proportion to its shareholding, contributing about €28.8 million
Stablecoin issuer Tether, which holds about 11.5% of Juventus shares, will participate in the club's capital increase of up to €250 million in proportion to its shareholding, contributing about €28.8 million. At the shareholders' meeting held on November 3, 2026, Tether voted in favor of the capital increase proposal put forward by major shareholder Exor.
According to an English report by Gazzetta, Tether abstained on all other proposals at the ordinary shareholders' meeting, including approval of the financial statements showing a net loss of €66 million, the appointment of directors, and the executive performance-based compensation plan. Under the compensation plan, executives can receive Juventus stock rewards after meeting financial, sporting and share-price performance targets during a three-year evaluation cycle in the future.
In 2025, Tether had objected to the procedural arrangements for the then-approximately €98 million capital increase plan, asking to safeguard existing shareholders' pre-emptive rights and to immediately clarify the issue price and number of shares in order to avoid dilution of its stake. Although its proposal was rejected, it still contributed about €11.7 million to participate in the capital increase. In addition, Tether's takeover offer to Exor in December 2025 was also rejected.
Original source:
Title: Juve, Tether: yes to capital increase but abstains on financial statements Publisher: Gazzetta.it (La Gazzetta dello Sport) Publication date: 2026-11-07 URL: https://www.gazzetta.it/en/football/teams/juventus/news/07-11-2026/juve-tether-yes-to-capital-increase-but-abstains-on-financial-statements.shtml Source nature: media report Verification status: This reading used Gazzetta's English report and related shareholders' meeting information, accessed on 2026-11-07 Supporting content: Tether holds about 11.5% of the shares, is participating in the €250 million capital increase and contributing about €28.8 million, voted in favor of the capital increase proposal while abstaining on other motions, and the related 2025 history
ABAB AI Insight
Tether's participation in the capital increase in proportion to its shareholding is intended to maintain its existing stake of about 11.5% and avoid dilution from subscriptions by Exor and other shareholders. This is consistent with its stance in 2025, when it objected to pre-emptive subscription rights; at that time the proposal was rejected, but Tether still contributed in proportion to participate in the capital increase. Its vote in favor of the capital increase and abstentions on the financial statements and compensation show that it is cooperating on capital support while keeping its distance on governance and performance assessment.
This Juventus capital increase is the fifth in nearly seven years, following, among others, €300 million in March 2019 and €400 million in 2021. The club's revenue fell after failing to qualify for the Champions League, and the financial statements recorded a loss of €66 million, with net equity already down to a relatively low level. Exor has already prepaid €60 million and pledged to cover its 65.4% share and any unsubscribed portion, effectively ensuring the capital increase. About 45% to 50% of the funds are expected to be used to strengthen the balance sheet, with the remainder possibly going toward sporting investment.
The observable changes are whether Tether continues to abstain on non-capital-increase matters at subsequent board or shareholder levels, and whether the club uses the capital increase funds for specific spending in the transfer window. Monitoring indicators are the final subscription completion of the capital increase, whether Tether's shareholding remains at about 11.5%, and subsequent financial statement changes in the club's net equity and loss trend.
ABAB News · Cognitive Laws
Participating in a capital increase in proportion helps prevent dilution of shareholding and does not mean agreeing to the financial statements or governance matters.
After multiple capital increases, net equity remains relatively low, indicating that past capital injections have been offset by losses.
The major shareholder's prepayment and backstop commitment ensure approval of the capital increase, but the use of funds and sporting returns still await verification through later allocation.