Paolo Ardoino:- Tether, the USDT stablecoin issuer bought its 8.6% stake and ownership in Italian Football club, Juventus last year. However, in a recent X post, Tether CEO Paolo Ardoino has raised concerns and disagreements with the management team of the club. Juventus has been facing mounting criticism from fans with few alleging that there is a perceived erosison of the club’s identity. The club also faces challenges due to injuries, potential player departures, and the need for improved management. Concerns Flagged by Tether CEO Paolo Ardaino Financial concerns have also been at the forefront of fan criticism. For years, it has been raising millions of Euros from its shareholders to fund its expenses. Despite this, it has been running at a net loss for five consecutive fiscal years – from 2019–20 season to 2023–24 fiscal year with €199.2 million loss. While there are signs of recovery in 2024–25, the… Read More at Coingape.com
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