Crypto firm Tether open to deeper involvement with Juventus

MILAN - Cryptocurrency firm Tether is open to all future options with regards to increasing its investment in Juventus, the Italian Serie A soccer club where it has built a 5% stake, and has the financial capacity to do so, its CEO Paolo Ardoino said on Tuesday.

Tether, the worlds fourth largest cryptocurrency, on Friday announced it held a minority stake in Italys most popular soccer club, which is controlled by the Agnelli family through their investment company Exor and is also listed on the stock exchange in Milan.

Asked whether Tether was interested in increasing its stake and potentially buying the club, Ardoino said you can buy only what someone wants to sell.

Were fine to remain as minority investors as well as engaging in different talks, he told Reuters in an interview.

Ardoino, an Italian national and Juventus supporter, said Tether notified Italian market regulator Consob it had crossed the regulatory threshold of 5% of Juventus voting rights.

He said Tether has built its stake over the past two months through share purchases on the open market.

We dont want to be hostile, we dont want to be seen as aggressive, we just want to help (Juventus) because we see a huge and unexpressed potential, he said.

Our main goal it to cooperate with the (Juventus) managers and owner. ($1 = 0.9570 euros) REUTERS

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