Juventus owners reject crypto offer for club

Exor N.V. announced its Board unanimously rejected an unsolicited binding proposal from Tether Investments to acquire full control of Juventus Football Club. Exor, the Agnelli family holding company controlling 65.4 percent of the club since 1923, stated it has absolutely no intention of selling equity to any third party. Tether, the El Salvador firm managing the popular USDT stablecoin, currently owns 11.5 percent. They reportedly offered 2.66 euros per share, valuing the entity at 1.1 billion euros.

Tether CEO Paolo Ardoino, who recently secured a board seat for nominee Francesco Garino, pledged one billion euros to "Make Juventus Great Again." However, Exor dismissed this bid despite Juventus’ recent on-field struggles.

The team sits seventh in Serie A under new coach Luciano Spalletti after firing Thiago Motta and Igor Tudor. Exor remains the stable, proud shareholder, fully committed to supporting the new management’s strategy for success on and off the pitch.