Exor, the Agnelli family holding company that controls Juventus Football Club, has firmly rejected a takeover proposal from Tether worth more than €1 billion. The board said it unanimously dismissed the unsolicited bid and reiterated it has no plans to sell any shares in the club.
Tether had submitted a binding all-cash offer for Exor’s 65.4% controlling stake and said it would extend the same price to remaining shareholders. Reports indicate the offer valued Juventus at just over €1 billion. Despite this, Exor emphasized its century-long association with the club and its commitment to supporting the current management’s strategy.
Exor CEO John Elkann stated that Juventus’ identity, history, and values remain non-negotiable. While Tether said it was prepared to invest heavily in the club’s future, the proposal was ultimately dismissed, highlighting resistance to crypto-linked ownership in elite European football.
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