To finance the capital increase already approved, the minority shareholder would like the purchase options to be offered to all shareholders and asks for two seats on the board of directors instead of one for the minority party
There is a clash within the Juventus board of directors between Exor (holding of the Agnelli-Elkann family and majority shareholder of the club) and the new Juventus partner Tether, a cryptocurrency giant. The members of the Exor majority board, ahead of the meeting on November 7, invited shareholders to vote against the proposals of Tether, owner of 11% of the company. The board of directors has already decided on a capital increase of 110 million, but Tether would like “the newly issued ordinary shares to be offered as an option to all shareholders, since this method would guarantee the best valorisation of the investment of each of them and would avoid phenomena of dilution of the shareholdings currently held”.
more space for Juve’s minor members
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Tether would also like greater participation of minority shareholders in the Juventus board of directors: two seats on the board instead of one, and one place in each of the auxiliary committees of the board of directors. Last week the cryptocurrency company had in fact presented a list with two candidates – Francesco Garino and Zachary Lyons – for two places on the board of directors while Exor, owner of 65.4% of the club, filed its list with Gianluca Ferrero still president and followed by Antonio Belloni, Guido de Boer, Damien Comolli, Laura Cappiello, Fioranna Vittoria Negri, Kerstin Andrea Lutz, Diva Moriani, Diego Pistone.