Exor Unanimously Rejects Tether’s Takeover Bid for Juventus
Exor cast the move as a reaffirmation of century‑long stewardship that underscores support for Juventus’ long‑term plan.
Overview
- Exor’s board said it rejected the cryptocurrency firm’s proposal and reiterated it has no intention of selling any Juventus shares to third parties.
- Tether’s offer, reported in a letter seen by media, sought control of 65.4% at €2.66 per share, valuing the club near €1.1 billion and pledging a further €1 billion investment.
- John Elkann said in a club video that “Juventus, our history and our values are not for sale,” stressing continued backing for the team’s long‑term goals.
- Exor’s statement described Juventus as a successful club backed by the Agnelli family for more than a century, with the holding supporting the current management.
- Gianluigi Buffon acknowledged a significant bid had arrived but said he has never seen Elkann or the Agnelli family put Juventus up for sale, and no follow‑up talks were announced.