KEY TAKEAWAYS
- Tether proposes to acquire Exor’s entire stake in Juventus Football Club, aiming for a 65.4% share.
- The acquisition is fully funded by Tether’s capital, reflecting a long-term commitment to the club.
- Tether plans to invest 1 billion Euros in Juventus, aligning with its values of resilience and independence.
- The deal is subject to regulatory approvals and Exor’s acceptance.
Tether has submitted a binding all-cash proposal to acquire Exor’s entire stake in Juventus Football Club. The proposal, announced here, aims to purchase 65.4 percent of Juventus’ issued share capital, subject to regulatory approvals.
Following the acquisition of Exor’s stake, Tether intends to make a public offer for the remaining shares at the same price. The offer is fully funded with Tether’s own capital and is supported by a long-term commitment to the club. The proposal reflects Tether’s belief in Juventus as a symbol of Italian sporting excellence and global presence.
Tether’s Commitment to Juventus
Paolo Ardoino, CEO of Tether, expressed a personal connection to Juventus, highlighting the club’s influence on his values of commitment, resilience, and responsibility. Ardoino emphasized Tether’s admiration and respect for Juventus, noting that the club’s values align with Tether’s focus on long-term resilience and independence.
Tether plans to invest 1 billion Euros in the support and development of Juventus, should the transaction be completed. The company operates with a long-term investment philosophy, supported by a strong balance sheet, aiming to contribute positively to the club’s future and support its sporting performance.
Regulatory Approvals and Future Plans
The completion of the transaction is contingent upon Exor’s acceptance, the execution of definitive documentation, and the receipt of required regulatory approvals. Tether’s proposal underscores its commitment to supporting Juventus’ growth in a rapidly evolving global sports and media landscape.
Further updates regarding the acquisition will be provided in accordance with applicable laws and regulations.
Why This Matters: Impact, Industry Trends & Expert Insights
Tether has submitted a proposal to acquire Exor’s stake in Juventus Football Club, aiming to purchase 65.4 percent of the club’s issued share capital. This move is part of Tether’s broader strategy to integrate its portfolio into the sports industry.
Recent industry reports indicate a 20% year-on-year surge in sponsorship spending by crypto brands, reaching $565 million in the 2024/25 season, driven largely by football. This aligns with Tether’s acquisition proposal, as it reflects the growing trend of cryptocurrency investments in the sports sector.
According to a Protos report, Paolo Ardoino described Tether’s investment in Juventus as an opportunity to integrate its futuristic portfolio into the sports industry. This supports Tether’s strategic move to leverage its financial strength and expand its influence in traditional sports.
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