Stablecoin giant Tether has submitted a binding, all-cash offer to acquire Exor’s 65.4% stake in Juventus Football Club. This marks the most ambitious crossover between the crypto industry and global sport to date. 

If approved, Tether will launch a public tender to buy out remaining shareholders at the same price, fully funded with its own capital.

The proposal includes a commitment to invest €1 billion in Juventus’ long-term development — a level of financial support typically associated with sovereign wealth funds or multinational conglomerates, rather than a digital-asset firm.

In its announcement, Tether framed Juventus as more than a sporting institution, calling it “a symbol of Italian excellence with global…