For as long as anybody can remember, the Agnelli family has been the majority owner of Juventus. There have been a wide array of outside investors with minority shares, but the Agnelli family (and their holding company Exor) have maintained what has now turned into a century-long hold of Italy’s most successful club.
The holder of the second-most shares in club is looking to potentially change that in a major way.
Tether CEO Paolo Ardoino said Friday via social media that the stablecoin company has
made proposal worth €1 billion to buy Exor’s entire stake in Juventus and become the club’s new majority shareholder. It would be a seismic change for Italy’s most historic club, with Tether just recently increasing their shares in the club during last month’s shareholders’ meeting. According to Calcio e Finanza, Exor have a 10-day window to potentially accept the offer from Tether, but that remains a giant question mark based on the initial reaction from Exor when it comes to even considering a sale of Juventus.
In the subsequent minutes since reports first came out that there are discussions of a possible sale, Exor issued the following statement (via ilBianconero): “There are no ongoing negotiations regarding the sale of a stake in Juventus. (Exor) categorically denies recent press rumors.”
Here is the announcement on social media from Ardoino himself when it comes to a bid to buy Exor’s shares in Juventus:
For a quick English translation, here you go:
Today Tether has sent an official proposal to Exor to buy their entire stake in Juventus.
From the beginning, our goal has always been to support the team and bring it back to the glory it deserves.
As part of our commitment, if this transaction goes through successfully, Tether will invest 1 billion Euros in the club.
Check back for more on this developing story.
