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Tether, the issuer of the world’s most generally used stablecoin USDT, has made headlines with a €1.1 billion (roughly $1 billion) all-cash bid to amass Italian soccer powerhouse Juventus FC, signaling a daring push by crypto capital into conventional sports activities possession.
The stablecoin big submitted a binding provide to Exor, the Agnelli household’s holding firm that controls a 65.4 % stake in Juventus, proposing to purchase their shares at €2.66 every after which launch a public tender for the remainder of the membership.
Nonetheless, the bid has reportedly been met with resistance, with Exor sources saying “Juventus just isn’t on the market.”
“For me, Juventus has at all times been a part of my life,” mentioned Tether CEO Paolo Ardoino, in a press release. “I grew up with this staff. As a boy, I discovered what dedication, resilience, and accountability meant by watching Juventus face success and adversity with dignity. These classes stayed with me lengthy after the ultimate whistle.”
Tether Submits Proposal to Purchase Juventus Soccer Membership 🦓
Learn extra: https://t.co/CDv8OosqFU
— Tether (@Tether_to) December 12, 2025
“Tether is able of sturdy monetary well being and intends to assist Juventus with steady capital and a protracted horizon,” mentioned Ardoino.
Tether Appears to be like To Increase Past Cryptocurrency
Tether has appeared to broaden its enterprise past the token and has taken up investing in synthetic intelligence, robotics, and a well being platform (QVAC Well being).
Again in February, Tether acquired a minority stake within the membership, which performs in Italy’s high soccer league, Serie A. After this, the agency aimed to spice up its affect on the membership, as in October, they nominated its deputy funding chief, Zachary Lyons, together with Francesco Garino, to the soccer membership’s board of administrators.
The bids have paid off, as Juventus shareholders authorised Garino’s appointment to the board of administrators final month.
In accordance with Tether, Juventus is a world group with substantial and sustainable business 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 1000% to 55.19 million.
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