Tether submitted binding $1.1 billion all-cash offer for full control of Italian football club Juventus FC.
Exor Holding Company swiftly rejected the bid, stating Juventus remains unavailable for any sale proposals.
The issuer of cryptocurrency stablecoins, Tether, has made a comprehensive offer to purchase Italian football giant Juventus FC in a transaction worth about 1.1 billion. The offer is ambitious and aims to acquire the majority stake of the Agnelli family by their holding company, Exor, which has owned it for over a hundred years. Nevertheless, the longtime owners have already rejected the proposal, according to the sources.
Exor Stands Firm on Ownership.
Tether made an all-cash binding offer on Friday on the 65.4% majority stake in the Turin-based club by Exor, and intended to offer the same to other shareholders. The stablecoin firm promised to inject one billion euros into Juventus to support its operations and strategic growth in case the deal is approved
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