Juventus owners reject US$ 1.3 billion offer from Tether to acquire the club

2025-12-16 01:37:58

Source: PortaldoBitcoin Original Title: Juventus Owners Reject US$ 1.3 Billion Tether Offer to Acquire Club Original Link: Just 24 hours after revealing their plan to acquire the football club Juventus, the stablecoin issuer Tether had its proposal rejected by the team’s owners, the holding company Exor, controlled by the Italian family Agnelli.

In a statement released on Saturday (13), Exor N.V. confirmed that its board of directors unanimously rejected the “unsolicited” US$ 1.3 billion offer from Tether Investments to buy all shares of Juventus currently under the holding’s control.

“Exor reaffirms its previous and consistent statements that it has no intention of selling any of its Juventus shares to third parties, including but not limited to Tether, based in El Salvador,” the company stated.

The announcement also emphasizes that Exor and the Agnelli family, creators of the Fiat car brand, are historic shareholders and “proud for over a century” to be part of the Italian club’s history. “We remain fully committed to the Club, supporting its new management team in executing a clear strategy to deliver solid results both on and off the field,” it concluded.

Tether’s Offer

On Friday, Tether submitted a binding, all-cash proposal to acquire 65.4% of the club — an offer now rejected by Exor.

“For me, Juventus has always been part of my life,” said Tether CEO Paolo Ardoino in a statement. “I grew up with this team. As a boy, I learned the meaning of commitment, resilience, and responsibility watching Juventus face success and adversity with dignity. These lessons stayed with me long after the final whistle.”

In February, Tether had already acquired a minority stake in the club, which competes in Serie A, Italy’s top football league.

The company’s latest move reflects its ongoing efforts to diversify investments beyond the crypto market.

Tether, for example, recently participated in an $81 million funding round for an Italian humanoid robotics company. In November, it also purchased an additional 1 million shares of the video platform Rumble, after announcing last year that it would invest $775 million in a competitor of a similar video platform.

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