Tether’s $1.1 Billion Juventus Bid Rejected by Exor
Tether's ambitious attempt to acquire Italian football giant Juventus has been thwarted. The stablecoin issuer, which already holds a 10% minority stake, saw its €2.66 per share offer for Exor's 65.4% controlling interest unanimously rejected. The Agnelli family's holding company stated unequivocally: "Exor has no intention of selling any of its shares in Juventus to a third party."
The failed bid represents a rare setback for Tether's expansion beyond digital assets. Juventus, founded in 1897, remains one of football's most storied franchises, having dominated Serie A with nine consecutive titles last decade. Market observers note the rejection preserves traditional ownership structures in European football, despite growing crypto interest in sports acquisitions.
