Tether Wants to Acquire Football Club Giant Juventus
Stablecoin issuing company Tether has made headlines with its latest move. The stablecoin issuing company announced it has submitted a proposal to acquire Exor’s entire stake in the football club giant Juventus. Enxor currently holds 65.4% of the Italian professional football club.
The company noted that if the deal pulls through and receives all necessary regulatory approvals, Tether will launch a public offer to buy the remaining shares at the same price.
Strong Financial Position Behind Tether’s Bid
Tether disclosed that the proposal reflects a long-term commitment to the football club. The company spoke highly of the club. The firm stated that Juventus represents more than a club.
Commenting on the latest announcement, Tether’s CEO Paolo Ardoino said:
He described Juventus as a symbol of Italian excellence with an international fan base built over decades. According to Ardoino, this strength mirrors Tether’s own approach. The Tether executive further revealed that the firm is in a strong financial place and plans to support the club with steady capital only if the acquisition is complete.
Tether Prepares $1.174B Investment for Juventus
As part of the proposal, Tether plans to invest roughly €1 billion (over $1.174 billion) in the Italian club to support its long-term development. The firm believes the football industry is entering an era influenced by technology, international investment, and global media.
As such, Tether plans to help Juventus remain competitive and sound while growing sustainably.
Juventus football is one of the biggest clubs in Italy. Prominent football stars like Cristiano Ronaldo, who joined the team in 2018 €100 million (roughly $1.174 million). The transfer at the time was the highest ever for a player over 30 years.
The team has played top-tier clubs such as AC Milan, Inter Milan, Real Madrid, Sporting, Barcelona, and Borussia Dortmund. The club has also played with Premier League teams like Chelsea and Liverpool.
The post Tether Wants to Acquire Football Club Giant Juventus appeared first on CoinTab News.
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