The Financial Situation (72 Viewers)
- Thread starter ReBeL
- Start date
I listened to an interview with him on YouTube and the guy has incredibly peculiar accent when speaking in Italian. @Gigiventus could you tell me what it is? Apparently he's from Liguria.
Tether's stake in Juve is the central topic of the evening, attracting significant attention in both the football and financial worlds. Paolo Ardoino, CEO of Tether, also commented on the news via social media, fueling debate among fans and industry experts.
The move, which saw the leading cryptocurrency company acquire a minority stake in the club, marks a significant step in the intersection of digital assets and sports. Ardoino’s statements have only amplified interest in this strategic decision, which could open up intriguing prospects for both Juventus and football-related finance.
Meanwhile, the market is closely watching developments, awaiting further clarification on Tether’s long-term intentions.
Ardoino’s Statement
"Re: Juve I have read many messages of support. Thank you. A clarification that I believe is necessary given some uninformed comments: Tether has notified CONSOB, as required, of its stake in Juventus’ share capital after surpassing the 5% voting rights threshold."
[ilbianconerocom]
Who is Paolo Ardoino?
Paolo Ardoino is an Italian computer scientist and entrepreneur, currently the CEO of Tether, the company behind USDT, the world’s most widely used stablecoin. Born in Cisano sul Neva, in the province of Savona, he graduated in applied mathematics and computer science from the University of Genoa. He began his career as a researcher before transitioning into the financial and tech sectors.
After gaining work experience in Lugano, he founded a startup in London specializing in financial technology services. In 2014, he joined Bitfinex as a developer, and two years later, he became Chief Technology Officer (CTO) of both the platform and Tether. In October 2023, he was appointed CEO of Tether, taking the helm during a period of significant expansion.
Ardoino is regarded as a key figure in the cryptocurrency and decentralized finance sectors. He splits his time between Lugano and other international financial hubs, frequently traveling for business.
[ilbianconerocom]
I just don't get the hype with blockchain.
I understand what it is and what people want to do with it, but I've yet to hear of a problem which it solves which doesn't already have a solution and one which is miles more efficient.
The only thing keeping it afloat is the market capitalisation of the cryptosphere which is surely well over 50% speculative traders rather than strong believers in the technology.
I understand what it is and what people want to do with it, but I've yet to hear of a problem which it solves which doesn't already have a solution and one which is miles more efficient.
The only thing keeping it afloat is the market capitalisation of the cryptosphere which is surely well over 50% speculative traders rather than strong believers in the technology.
Given how Juve's European performances have been in the last 6/7 years, I am very pessimistic about Juve competing with the Euro giants in the next decade. Juve were top when the revenues were near highest in Europe and we had a top patriarch who could get us Platini, Baggio, Zidane. Same for Milan with Berlusconi.
Now Juve's consistently outside the top 10 revenue in Europe and then there are the Saudi clubs taking top talents also.
https://en.wikipedia.org/wiki/Deloitte_Football_Money_League
Now Juve's consistently outside the top 10 revenue in Europe and then there are the Saudi clubs taking top talents also.
https://en.wikipedia.org/wiki/Deloitte_Football_Money_League
Failure to qualify for the next Champions League would have significant economic consequences that would have a direct impact on the summer market and consequently on the sporting side, with the future of many big names that would be very much in the balance, starting with Andrea Cambiaso and Kenan Yildiz.
[Gazzetta Dello Sport via GOAL]
[Gazzetta Dello Sport via GOAL]
Here's an idea to reduce significant economic consequences. Stop making ridiculous signings. That means not spending 20m+ for injury prone bench players from mediocre EPL sides or injury prone players in general, setting a maximum price for the target you want and walking away if the price won't drop to that level e.g. the Koop saga, not overpaying for guys that are obviously not starting material e.g.Nico and not spending 20m on a goalkeeper who is not a noticeable upgrade on what we have already e.g. Di Gregorio.
Instead keep the low cost options on low wages that you already own e.g.Huijsen. And if you are going to sell them, make sure you get a decent price.
Instead keep the low cost options on low wages that you already own e.g.Huijsen. And if you are going to sell them, make sure you get a decent price.
Juve semester, the press release
The first half of the 2024/2025 financial year closes with a profit of € 16.9 million, an improvement of € 112.0 million compared to the loss of € 95.1 million in the first half of the previous year, influenced by the effects related to the non-participation of the men's First Team in UEFA competitions.
[ilbianconerocom]
The first half of the 2024/2025 financial year closes with a profit of € 16.9 million, an improvement of € 112.0 million compared to the loss of € 95.1 million in the first half of the previous year, influenced by the effects related to the non-participation of the men's First Team in UEFA competitions.
[ilbianconerocom]