According to online reports, stablecoin issuer Tether said it had formally requested to participate in Juventus Football Club's capital increase plan in May and applied for a board seat. Tether currently holds more than 10% of the club and is the second largest shareholder after controlling party Exor. Tether said that although the original request was not accepted, the club has proposed a new meeting date and the two parties are coordinating the time. Tether stressed in his statement that he would like to be an "active participant in Juventus 'future development" and was prepared to provide substantial input to the team.