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Tether has made a €1.1 billion ($1.29 billion) money bid for Italy’s Juventus FC, a transfer the controlling Agnelli household is anticipated to withstand.
The issuer of the world’s largest stablecoin, USDT, submitted a binding provide to Exor to purchase its 65.4% stake at €2.66 a share and plans a young provide for the remaining.
Tether mentioned that if its bid is profitable it’s ready to speculate €1.1 billion within the assist and growth of the soccer membership. It already holds a stake of about 10.7% in Juventus.
“Tether is able of sturdy monetary well being and intends to assist Juventus with secure capital and a protracted horizon,” Tether CEO Paolo Ardoino mentioned in an announcement. “For me, Juventus has at all times been a part of my life. I grew up with this group. As a boy, I discovered what dedication, resilience, and duty meant by watching Juventus face success and adversity with dignity.”
However the Agnelli household has no intention to promote and can resist the provide, Bloomberg and Reuters reported, citing folks aware of the matter.
The folks mentioned Exor NV, the Agnelli household’s holding firm, gained’t scale back its stake in Juventus FC to Tether or some other bidder as a result of it’s not on the market, Bloomberg reported.
Tether Submits Proposal to Purchase Juventus Soccer Membership 🦓
Learn extra: https://t.co/CDv8OosqFU
— Tether (@Tether_to) December 12, 2025
Tether Appears to be like To Develop Past Cryptocurrency
Tether’s bid underscores crypto companies’ diversification efforts whilst tightly held possession constructions generally restrict takeover prospects.
Tether itself has seemed to broaden past its stablecoin enterprise and has invested in synthetic intelligence, robotics, and a well being platform referred to as QVAC Well being.
It acquired its minority stake in Juventus, which performs in Italy’s prime Serie A league, in February. In October, it nominated its deputy funding chief, Zachary Lyons, together with Francesco Garino, as candidates to affix the soccer membership’s board of administrators.
The bid paid off, with Juventus shareholders approving Garino’s appointment to the board final month.
In keeping with Tether, Juventus is a world group with substantial and sustainable industrial and sporting potential.
Tether’s proposed takeover has already pushed a 26% surge within the Juventus Fan Token (JUV), with buying and selling quantity rising over 1,000% to $55.19 million.
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