Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Tether’s Offer to Buy Juventus Has Received a Response

Tether’s Offer to Buy Juventus Has Received a Response

CryptoNewsNetCryptoNewsNet2025/12/14 11:48
By:en.bitcoinsistemi.com

Tether, a cryptocurrency company, has had its bid to acquire a majority stake in Juventus, the historic Italian football club, rejected.

Exor, the holding company controlled by the Agnelli family, reiterated that it unanimously rejected the offer from Tether and that the club is not for sale.

Exor said in a statement on Saturday, “Exor has repeatedly stated that it has no intention of selling any of its shares in Juventus to any third party, including El Salvador-based Tether.” The statement also noted that the Agnelli family and Exor maintain their long-term commitment to the club as stable and proud shareholders of Juventus.

It is known that Giancarlo Devasini, the Chairman of the Board of Tether, one of the world's largest stablecoin issuers, was born in Turin, the city of Juventus, and that the company currently owns approximately 11.5% of the club's shares, which are traded on the Milan Stock Exchange. Despite this, Exor has not been keen on relinquishing its control over Juventus.

The development comes after Tether CEO Paolo Ardoino stated yesterday that the company is “ready to invest 1 billion euros to support and develop the club.” Ardoino, who said he is a Juventus fan, stated that he learned concepts of responsibility and resilience by watching the club in his childhood.

At the Juventus General Assembly held in November, Paolo Garino, Tether's nominee, joined the club's board of directors. Tether, which manages the world's largest stablecoin with a circulating supply of approximately $184 billion, has recently attracted attention with its presence in Juventus.

Juventus has been controlled by the Agnelli family for over a century, making them one of the longest-serving club owners in world football.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Strategic advancements in infrastructure and regulatory frameworks enhance liquidity in clean energy markets and improve PPA risk management

- Corporate demand for renewable energy drives PPA growth, with 83% of 2024 European PPAs led by tech giants like Google and Amazon . - EU regulations like CBAM and CSRD enforce 24/7 carbon-free energy standards, pushing 70% of companies to modernize PPA strategies with GOs. - Strategic infrastructure innovations, including long-duration storage and hybrid gas-clean energy models, address intermittency and grid stability. - Aggregated/virtual PPAs and EIB's €500M pilot program lower barriers for SMEs, expa

Bitget-RWA2025/12/15 04:02
Strategic advancements in infrastructure and regulatory frameworks enhance liquidity in clean energy markets and improve PPA risk management
© 2025 Bitget