Tether CEO Ardoino explains buying Juventus stake

  /  autty

It was announced last week that the crypto stablecoin company had bought a five per cent stake in Juve.

Ardoino told Il Corriere della Sera:  "We have the financial capacity to support Juve for the next 2,000 years. We would like to help the management, asking if it will then be necessary to acquire a larger share.

"We are not a hedge fund, we invest in Juve because both I and the founder (Giancarlo Devasini) are fans and for the potential of the club, among the most important in the world.

"They associate us with crypto but we do a lot more: new technologies, AI development, biotech... They will become increasingly important things in football. We're starting off on tiptoe."

Related: Juventus
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