Tether Submits Proposal to Acquire Juventus Football Club
Overview
Tether, the company behind the world’s largest stablecoin, has made a bold move into the world of football by submitting a binding all‑cash proposal to acquire Juventus, one of Italy’s most iconic football clubs.
The Proposal
Tether has submitted a binding all‑cash proposal to Exor, the current owner of Juventus, to acquire its entire stake in the Italian football club. The company plans to make a public offer for the remaining shares once it receives the necessary regulatory approvals.
Club Significance
Juventus is described as a symbol of Italian excellence with a global presence, built over generations through hard work and the loyalty of its supporters.
CEO Comments
Tether CEO Paolo Ardoino expressed his personal connection to the team, stating that he grew up watching Juventus and learned values like commitment and resilience from the club.
Deal Details
The proposal includes the acquisition of Exor’s 65.4% stake in Juventus. If the transaction is approved by regulators and Exor, Tether intends to invest a billion euros in the support and development of the club.
Future Outlook
As Tether awaits regulatory approvals, the potential acquisition marks a significant move for both the company and the historic football club.
