Tether’s Billion-Euro Juventus Bid Meets Family Resistance
Tether has made an aggressive €1.1 billion all-cash offer for Juventus FC, proposing to purchase Exor's 65.4% stake at €2.66 per share—a 21% premium over Friday's closing price. The stablecoin issuer pledged an additional €1 billion for club development and committed to buying remaining shares at equal terms.
Exor's rejection was immediate and unequivocal. "Juventus has been part of my family for 102 years," stated CEO John Elkann, emphasizing four generations of stewardship through triumphs and challenges. The Agnelli family's stance reflects deeper ties than financial calculus—"our history, our values—is not for sale."
The bid arrives as Juventus faces sporting and financial headwinds. Seventh in Serie A, the club risks missing European competitions, threatening vital revenue streams. This follows the end of their historic nine-year league dominance in 2021.
