Crypto’s Tether launches public offer to buy Italian soccer club Juventus
USDT issuer Tether on Friday announced that it has submitted a binding, all-cash proposal to acquire majority (65.4%) of Italian soccer club Juventus Football Club, via Exor, the holding company that owns the club.
This transaction is reportedly fully backed by Tether’s own capital, will depend on regulatory approvals and Exor’s acceptance.
In a press release dropped on Friday, Tether said that the offer is driven by a long-term commitment to the club and once finalized, Tether said it will launch a tender offer for the remaining minority shares under the same terms.
Tether outlines its plan for Juventus
Paolo Ardoino, the CEO of Tether, said the decision comes from both personal connection and respect for Juventus’ legacy….
