Tether offered €2.66 per share for Exor’s 65.4% stake, valuing Juventus near €1.1B and aiming for full ownership.
Juventus shares and the JUV fan token jumped after the bid, though Exor sources say the club is not for sale.
Tether plans to invest €1B post-acquisition, expanding beyond crypto into sports with strong financial backing.
Tether submitted a binding all-cash proposal on December 13 to acquire Juventus Football Club in Turin, Italy. The offer targets Exor’s 65.4% stake, aims for full ownership, and includes a public tender. Tether said it acted to secure long-term control, fund stability, and expand beyond digital assets through sports ownership.
Binding Offer Sent to Exor
Notably, Tether confirmed it delivered the proposal directly to Exor, the Agnelli family holding company. Exor has controlled Juventus since 1923 and remains the club’s largest shareholder. According to ANSA, Tether offered €2.66 per share, valuing Juventus near €1.1 billion
However, a source close to Exor told AFP the club is not for sale. The bid lapses if Exor does not accept by December 22 at 6:00 pm GMT. Meanwhile, Tether already owns about 11.5% of Juventus and recently gained a board seat through Francesco Garino.
Market Response and Ownership Structure
Following the announcement, Juventus shares rose sharply on the Milan exchange. The rally pushed the club’s market value close to €1 billion. At current prices, Exor’s stake stands near €540 million
Juventus FC SpA trades publicly and previously carried a market cap near $925 million. Additionally, Juventus fan token JUV surged about 30% after the news. Tether stated that, after regulatory approvals, it would offer remaining shareholders the same price. This structure aims to secure full ownership through a transparent process.
Capital Plans and Financial Position
Tether said it stands ready to invest €1 billion into Juventus after completion. The funds would support infrastructure, squad development, and global expansion. CEO Paolo Ardoino confirmed the company’s long-term commitment and personal connection to the club
Separately, Tether reported over $10 billion in net profits across the first nine months of the year. The firm also disclosed holdings of 116 tons of gold and ongoing investments across technology sectors.
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