3 Minutes
Tether launches €1 billion bid to acquire Juventus
Stablecoin issuer Tether has announced a binding all-cash proposal to buy Exor’s 65.4% controlling stake in Juventus Football Club, proposing a full takeover followed by a public offer for any remaining shares. The proposal values Juventus in line with its market capitalization of roughly €944.5 million ($1.1 billion). Reports indicate Exor has so far rejected the approach, insisting that "Juventus is not for sale."
What Tether is offering and investor reaction
Tether says it would invest €1 billion (about $1.1 billion) to support the club’s development and operations if the acquisition goes through. The bid came after Tether increased its stake in the club earlier this year and recently secured a board appointment for Francesco Garino, a move approved by shareholders. Juventus shares closed the reported session up 2.3% at €2.23.
AFP and other outlets reported the bid was rebuffed by Exor, and neither Exor nor Tether immediately provided extended comments to the press. The public disclosure has nevertheless intensified market attention on the intersection of cryptocurrency capital and traditional sports ownership.
Tether’s strategic expansion beyond USDT
Tether, best known for issuing the USDT stablecoin, has been diversifying its balance sheet into sectors including artificial intelligence, robotics and health technology. The company — which now holds more than a 10% stake in Juventus after earlier purchases — has also sought direct influence inside the club by nominating executives to its board, including deputy investment chief Zachary Lyons.
Implications for crypto and football
If successful, the acquisition would mark a significant precedent for cryptocurrency firms taking controlling interests in major sports franchises. Tether CEO Paolo Ardoino framed the move as long-term support: "Tether is in a position of strong financial health and intends to support Juventus with stable capital and a long horizon," he said, adding a personal note about his lifelong connection to the club.
For cryptocurrency observers, the bid raises questions about regulatory scrutiny, the role of stablecoin issuers in non-crypto investments, and how governance will evolve if digital-asset companies increasingly purchase high-profile real-world assets. The situation remains fluid: watch for statements from Exor, further regulatory commentary, and any formal bid responses from Juventus shareholders or regulators.
Source: cointelegraph
Leave a Comment