New Juventus Investor Claims Ability to Fund Club for Millennia
Juventus’ financial outlook appears extremely stable following comments from Paolo Ardoino, CEO of the club’s new minority stakeholder Tether. Ardoino boldly stated his company has the resources “to support the team for the next 2000 years.”
Last week, the Turin-based club announced that cryptocurrency firm Tether had acquired a minority stake. In a recent interview, Ardoino revealed that his passion for Juventus was a key factor in the investment decision.
Ardoino explained the investment process: “We’ve been gradually purchasing shares on the market over the past few months. We’re still minor stakeholders at this point. We aim to assist current management and may consider increasing our stake if needed in the future. There’s no hidden agenda behind this move.”
Regarding Tether’s motivations, Ardoino cited Juventus’ “incredible potential” and global brand recognition. He also hinted at the possibility of becoming a club sponsor in the future, highlighting Tether’s substantial financial capabilities.
“We closed last year with 13.7 billion in profits. We have the financial capacity to support the team for the next 2000 years,” Ardoino stated confidently.
The Tether CEO also expressed his admiration for Juventus’ current squad and coaching staff, singling out manager Thiago Motta for praise. Ardoino described a recent match against Inter Milan as “the most beautiful game I’ve ever seen.”
When asked about his favorite Juventus player, Ardoino gave a nostalgic answer: “I’ll be predictable, but I have to say Del Piero.”