TLDR
- Exor rejected Tether’s $1.1B all-cash offer for its 65.4% controlling stake in Juventus.
- Juventus shares rose 2.3% to €2.23 after news of the rejected bid became public
- Tether has accumulated over 10% of Juventus shares since February 2025.
- Tether secured two board positions at Juventus, increasing its governance influence.
- Tether reported strong financial growth, with projected 2025 profits of $15B and a market cap of $183.8B.
Tether submitted a $1.1 billion all-cash offer to acquire Juventus Football Club’s controlling stake from Exor. Exor, owned by the Agnelli family, rejected the proposal and stated Juventus is not available for sale.
Juventus Share Price Climbs After Bid Disclosure
Following news of the rejected bid, Juventus shares increased by 2.3% to €2.23 on the Milan Stock Exchange. Tether confirmed the offer was fully backed by cash and intended to purchase Exor’s 65.4% stake in the club. The stablecoin issuer also planned to launch a tender for remaining shares at the same price offered to Exor.
A source close to Exor told AFP, “Juventus is not for sale,” dismissing any further discussion. Tether’s CEO Paolo Ardoino said, “Tether is in a position of strong financial health and has long-term intentions.” He added that he grew up watching Juventus and learned values like commitment and responsibility from the team.
Tether expressed that it would consider investing €1 billion to strengthen the club in the event of future approval. Ardoino stated that their goal is to support Juventus with stable capital and a clear development timeline. Tether remains committed despite Exor’s refusal and did not withdraw its interest in Juventus.
Tether Expands Ownership and Influence Within Juventus
Tether began acquiring Juventus shares in February and increased its holdings to over 10% by April 2025. The company quietly built its position, avoiding regulatory attention by staying below reporting thresholds during early acquisitions. Tether used this strategy to enter the club without drawing media focus during initial ownership accumulation.
In October, Tether nominated Zachary Lyons and Francesco Garino to the Juventus board of directors. Garino’s nomination was approved by shareholders in November, increasing Tether’s presence in club governance. This move gave Tether two seats on the board, strengthening its strategic involvement within Juventus.
Juventus has not issued a formal statement regarding Tether’s rising influence or board appointments. The club continues to operate under the guidance of its existing executive leadership, backed by Exor. Tether has yet to respond to questions about its future plans following the board-level involvement.
Tether’s Financial Growth and Future Plans
Tether, issuer of the USDT stablecoin, is on track to earn $15 billion in profit by the end of 2025.
Its market capitalization stands at $183.8 billion, representing a 50% year-on-year increase.
Bitwise CIO Matt Hougan said Tether could soon surpass Saudi Aramco as the world’s most profitable company.
Reports indicate Tether may raise $20 billion in exchange for a 3% equity stake to fuel further expansion. Such a transaction would value the firm near $500 billion, placing it among the world’s largest private companies. Tether has also accumulated over $12 billion in gold reserves, diversifying its portfolio beyond digital assets.
Executives have not ruled out new football investments if Juventus remains unavailable for purchase. The company appears focused on expanding its presence in both sports and traditional asset sectors. Tether has made no further comment regarding future bids or potential alternative club targets.
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