Tether Faces Juventus Shareholder Resistance

Tether’s All-Cash Bid for Juventus Faces Resistance

• Tether has submitted a binding, all-cash bid to acquire a 65.4% stake in Juventus Football Club from Exor, the Agnelli family’s holding company.
• The proposed deal includes a €1 billion investment from Tether if successful.
• The Agnelli family, which owns Juventus, has expressed no intention of selling the club despite Tether’s offer.
• Tether is already Juventus’ second-largest shareholder and recently secured its first board seat as a non-Agnelli member since 2001.
• Juventus’ shares have declined about 28% this year, and the club has not posted an annual net profit in nearly a decade.

Tether’s attempt to acquire full control of Juventus faces strong resistance from the Agnelli family. Despite offering significant investment, the family remains firm on retaining ownership of the football club. Tether is leveraging its position as a major shareholder and issuer of the USDT stablecoin to influence future developments.