Stablecoin issuer Tether has announced plans to fully acquire Italian football club Juventus FC. The company has submitted an all-cash binding offer for 65.4% of its shares to controlling shareholder Exor, and is preparing to launch a public offer for the remaining shares after the transaction is completed, with the goal of increasing the holding to 100% control.
Tether said that if the deal is successful, it will inject 1 billion US dollars into the club. CEO Paolo Ardoino stressed that as a lifelong Juventus fan, he hopes to provide long-term stable capital support for the team with Tether's strong financial strength.
After the news was announced, the fan token JUV of the Juventus club rose by 30% in a short period of time.
Tether to buy Juventus football club, ready to invest 1 billion dollars to rebuild the club
2025-12-12 21:42:04
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