Giulio Piovaccari and Elvira Pollina
Milan (Reuters) – Cryptocurrency company Tether has built a 5% stake and has made all future options regarding increasing investment in Juventus, an Italian Serie A soccer club with financial ability to do so It’s open. Aldoino said Tuesday.
Tether, the world’s fourth largest cryptocurrency, announced on Friday it owns minority stakes in Italy’s most popular soccer club.
When asked if Tether could increase the stock and buy the club, Aldoino said, “You can only buy what someone wants to sell.”
“It’s okay to remain as a minority investor and engage in various consultations,” he told Reuters in an interview.
Italian citizens and Juventus supporter Aldoino said Tether has notified Italian market regulators that it has exceeded the 5% regulatory threshold for Juventus’ voting rights.
He said Tether has built shares over the past two months through stock purchases in the open market.
“We don’t want to be hostile. We don’t want to be seen as offensive. We see a huge, unrepresented possibility, so we just want to help (Juventus). ” he said.
“Working with (Juventus) managers and owners is our main goal.” ($1 = 0.9570 Euro)
(Reporting by Elvira Polina and Giulio Piobaccali, Additional Report by Elizabeth Haucroft of Paris, Edited by Keith Weir)