As reported by AMBCrypto, Tether has submitted a binding, all-cash offer to acquire Exor’s 65.4% stake in Juventus Football Club. The proposal includes a commitment to invest €1 billion in the club’s long-term development. If approved, Tether will launch a public tender to buy out remaining shareholders at the same price, fully funded with its own capital. The acquisition would mark the first time a stablecoin issuer has attempted to acquire a major football club. Tether’s balance sheet, which includes $135 billion in U.S. Treasuries and other assets, supports the bid. The deal requires regulatory approval from Italian and European authorities. Juventus, a historic football club with a large global fan base, could benefit from new investment and modernization under Tether’s ownership.
Tether Bids €1 Billion to Acquire Juventus Football Club
AMBCryptoShare
Summary
Tether has made a €1 billion all-cash offer to buy Exor’s 65.4% stake in Juventus Football Club, according to crypto news outlets. The stablecoin issuer plans to fund a public tender for remaining shares using its own capital. Tether’s balance sheet, valued at $135 billion, supports the move. The deal needs regulatory approval in Italy and the EU. Juventus could see major investment and upgrades under new ownership. This crypto news marks a first for a stablecoin firm entering major sports ownership.
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