Overview
- Tether offered €2.66 per share for Exor’s 65.4% stake, valuing Juventus at about €1.1 billion and outlining a subsequent tender for remaining shares.
- The proposal included a pledge to invest roughly €1 billion in stadium, commercial and sporting development after completion.
- Exor stated it has no intention of selling any Juventus shares to Tether or any third party, a stance reinforced by John Elkann’s video message.
- Juventus shares jumped more than 14% on Monday to around €2.50, while the JUV fan token fell about 13% to below $0.74.
- Tether remains a shareholder above 10% with board representation, following recent capital raises of roughly €196 million that bolstered the club’s finances.