Juventus' controlling shareholder has officially rejected a takeover bid from Tether, the company behind the popular USDT stablecoin. According to the announcement, Exor NV – the investment group of the Agnelli family and currently the controlling shareholder of Juventus – stated that the board of directors unanimously rejected Tether's proposal to acquire Juventus shares, and emphasized that Exor has no plans to sell the club's shares to a third party.
This move demonstrates Exor's continued commitment to its long-term strategy regarding Juventus, despite the Turin club's recent financial difficulties and poor performance over the past few seasons. Juventus remains one of Europe's most valuable football brands, playing a crucial Vai in Exor's investment portfolio alongside other major assets such as Stellantis and Ferrari. Maintaining control of Juventus is also XEM symbolic, reflecting the Agnelli family's history and influence in Italian football over several decades.
The day before, Tether, one of the world's largest cryptocurrency companies and issuer of the USDT stablecoin, made headlines by announcing its intention to acquire the prestigious Italian football club Juventus. This move quickly attracted attention from both traditional finance and the crypto community, as it could become the most iconic deal in Tether's history.
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