Crypto firm Tether bids for Juventus, is quickly rebuffed
[ROME] Cryptocurrency firm Tether said on Friday (Dec 12) that it had submitted a bid to Juventus’s main shareholder, Exor, to acquire its entire stake in the Turin football club – but was quickly rebuffed.
“Juventus is not for sale,” said a source close to Exor, the holding company of the Agnelli family, which has controlled the club since 1923.
Tether, which already has an 11.5 per cent stake in Juventus, said that it “has submitted a binding all-cash proposal to Exor to acquire its entire stake”.
Exor currently has a 65.4 per cent stake in the club.
Tether offered 2.66 euros a share, valuing the company at 1.1 billion (S$1.3 billion), according to the Ansa news agency.
Juventus shares closed at 2.19 euros Friday on the Milan…
