Overview
- Exor’s board unanimously turned down Tether’s binding proposal to buy its 65.4% stake, a deal that would have required definitive agreements and regulatory approvals.
- Tether’s offer valued Juventus at just over €1 billion with a roughly 21% premium and included a plan to tender for all remaining shares at the same price.
- The stablecoin issuer remains the club’s second-largest shareholder at just over 10% and recently secured board representation through Francesco Garino.
- Tether CEO Paolo Ardoino framed the approach as a long-term commitment rooted in personal support for the club and promised €1 billion for development if a sale were ever accepted.
- Juventus has reported recurring losses and its shares are down about 27–30% this year, underscoring the club’s financial pressures despite the Agnelli family’s refusal to sell.