Agnelli Family Rejects Tether’s €1 Billion Offer for Juventus
- The Agnelli family has declined a €1 billion (over $1.17 billion) acquisition offer from Tether for Juventus.
- Tether, the issuer of the USDT stablecoin, is headquartered in El Salvador.
- The offer included an all-cash purchase of Exor’s controlling stake of 65.4% in Juventus.
- The proposal valued the club at over €1 billion, offering a premium of approximately 21% on its share value.
The Agnelli family emphasized the historical significance and independence of Juventus in their decision to reject Tether’s bid. This move highlights the family’s commitment to maintaining control over the club despite significant financial incentives offered by Tether’s proposal.
By declining Tether’s offer, which included a substantial share premium, the Agnelli family underscores their dedication to preserving Juventus’ legacy and autonomy within Italian football. Source
