Tether’s binding offer worth roughly $1.3 billion to acquire Juventus was swiftly rejected after the Agnelli family, which controls the club, reiterated that the team is not for sale.
The attempt to buy one of Italy’s most historic football clubs quickly ran into resistance. Exor, the investment company representing the Agnelli family’s controlling stake, stated clearly that there was no intention to sell any Juventus shares to a third party. The statement underlined that no negotiations had been conducted with Tether or any other potential buyer.
Tether had announced on Friday that it submitted an all cash offer of 2.66 euros per share for Exor’s 65.4 percent controlling stake. The bid represented a premium of around 21 percent compared to Juventus’ closing share price and implied a total club valuation of approximately 1.1 billion euros. The company also pledged an additional 1 billion euros in investment if the acquisition were approved.
While Tether had already increased its influence at Juventus through a minority stake and board level involvement, the outright takeover attempt marked a more ambitious step. However, the Agnelli family’s refusal to relinquish control, despite the club’s significant capital needs in recent years, has effectively blocked this move and highlighted the limits of Tether’s expansion into the sports sector.
