US EditionCrypto Firm Tether Bids for Juventus, Is Quickly Rebuffed
- Tether submitted a binding all-cash proposal on Friday for Exor's 65.4% stake, aiming to boost its minority stake to 100% and plans a public tender offer for remaining shares.
- Earlier this year, Tether indicated it sought a more active role at Juventus and said it's `prepared` to invest $1 billion if the transaction completes.
- Juventus FC SpA had a $925 million market capitalization at Friday's close, the JUV fan crypto token surged 30%, and Tether holds 116 tons of gold.
- Tether said `Tether is in a position of strong financial health and intends to support Juventus with stable capital and a long horizon,` citing net profits surpassed $188 billion in the first nine months and its $188 billion USDT token.
- The bid comes as Tether expands beyond crypto into artificial intelligence, payments, robotics and sports, with Paolo Ardoino, Tether CEO, saying `interest in Juventus comes from deep admiration and respect`.
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PressNewsAgencyJuve players must deliver after Agnellis reject buyout bid, says Spalletti
Dec 13 : Juventus manager Luciano Spalletti welcomed John Elkann and the Agnelli family's decision not to sell their majority stake in the Serie A club, and said it was now up to those on the football side to build a better future.On Saturday, the Agnelli family's holding company Exor rejected an all-cash off
Associated Press News
Agnelli family affirms Juventus ownership and rejects buyout offer from cryptocurrency firm
Juventus’ owners have publicly rejected a buyout offer from a cryptocurrency firm. The move ensures that the most successful club in Serie A history will remain controlled by the Agnelli family.
The buy-back offer made by the cryptocurrency company Tether to buy the Juventus was rejected this Saturday.
Elkann: 'Our values are not for sale'. The billions of crypts do not breach (ANSA)
Crypto giant Tether tests Agnelli family
The Agnelli family has no intention of selling Juventus, opens new tab to crypto group Tether or anyone else, sources close to the family's holding company Exor said, after Tether bid for Italy's most historically successful soccer club. Tether said on Friday it had submitted an all-cash proposal to Exor to buy its entire stake in the Turin-based Serie A club. It is offering Exor 2.66 euros per share, a separate source said, valuing Juventus at …
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