Tether has officially submitted a binding all-cash proposal to Exor, seeking to acquire its entire stake in Juventus Football Club. The proposal comes with the condition of obtaining regulatory approvals and indicates Tether”s intention to make a public offer for the remaining shares at the same valuation, fully financed through its own capital.
This initiative underscores Tether”s belief in Juventus as more than just a sports team. The club has historically embodied principles such as discipline, ambition, and resilience, shaping Italian sporting identity and garnering a loyal global following. “Juventus has always been part of my life,” remarked Paolo Ardoino, CEO of Tether. He emphasized that his admiration for the club stems from personal experiences that taught him the importance of commitment and responsibility.
Ardoino further elaborated on how Juventus stands as a symbol of Italian excellence, cultivated over generations through hard work and the unwavering support of its fans. He expressed that the values that Tether holds—patience, independence, and long-term resilience—align closely with those of Juventus.
Tether is in a robust financial position and aims to provide Juventus with stable capital and a long-term vision. The company is prepared to invest €1 billion to support the club”s development and enhance its sporting performance in a rapidly evolving sports and media landscape.
The proposal includes acquiring Exor”s shareholding, which constitutes 65.4 percent of Juventus” issued share capital. The successful completion of this transaction will hinge on Exor”s acceptance, the execution of definitive agreements, and the attainment of necessary regulatory approvals.
Upon finalizing the deal, Tether plans to initiate a public tender offer for the remaining shares at the same price per share. This strategic move is made with a sense of humility and accountability toward the club and its supporters, as Tether believes that Juventus” narrative is still unfolding, with potential for strength, continuity, and ambition.
About Tether, the company is recognized as a pioneer in stablecoin technology, aiming to transform the global financial landscape. Its mission focuses on fostering economic growth, enhancing financial inclusion, and empowering individuals and businesses through innovative financial solutions.
Further updates regarding the proposal will be shared in compliance with applicable laws and regulations.
