Overview
- Tether submitted a binding, all‑cash proposal to buy Exor’s 65.4% holding at €2.66 per share, valuing Juventus at about €1.1 billion, with a matching tender planned for remaining shares.
- Exor’s board unanimously rejected the offer and stated it has no intention of selling any Juventus shares, keeping the club under Agnelli family control.
- Tether said it would invest €1 billion into the club if a takeover were completed, but it remains a minority shareholder with just over 10% and a board seat via nominee Francesco Garino.
- Tether confirmed that any change of control would require Exor’s acceptance and regulatory approvals, and ANSA reported the proposal lapses without written acceptance by December 22.
- The bid carried a roughly 21% premium to Juventus’s €2.19 Friday close, and news of the approach and rejection followed a period of weak profitability and share underperformance for the club.