MILAN (Reuters) – Crypto currency firm Tether Investment said on Friday it had become a minority shareholder in Italian Serie A soccer club Juventus, without disclosing the size of its stake.
In a statement published on its website, Tether said the investment in the Milan-listed club had a “strategic” nature.
“Tether will be a pioneer in merging new technologies, such as digital assets, AI, and biotech, with the well-established sports industry to drive change globally”, said Tether CEO Paolo Ardoino.
Turin-based Juventus is controlled by Italy’s Agnelli family through their investment company Exor, which was not immediately available for comment.
(Reporting by Giulio Piovaccari and Elvira Pollina, editing by Alvise Armellini)
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source: https://theprint.in/tech/crypto-firm-tether-buys-minority-stake-in-juventus-soccer-club/2495782/
