Tether Proposes $1B Juventus FC Acquisition

Tether Proposes All-Cash Acquisition of Juventus Stake

• Tether has submitted a binding offer to acquire Exor’s 65.4% stake in Juventus Football Club through an all-cash deal.
• The stablecoin issuer plans to invest €1 billion into the club post-acquisition, focusing on performance, infrastructure, and long-term growth.
• This move is part of Tether’s strategy to build globally relevant institutions and expand its presence in Italy.
• Tether emphasizes its strong financial health and commitment to Juventus, its supporters, and its legacy.

Tether has made a significant move by proposing an all-cash acquisition of Exor’s 65.4% stake in Juventus FC. The stablecoin issuer intends to invest €1 billion post-acquisition, reflecting its commitment to enhancing the club’s performance and infrastructure while strengthening its presence in Italy.