Tether Proposes 65.4% Stake Buy in Juventus

Tether, the issuer of the world's largest stablecoin, has submitted a binding all-cash proposal to acquire a controlling 65.4 percent stake in Juventus Football Club from its current majority owner, Exor. The offer, announced on December 12, targets the Italian Serie A club's shares held by the Agnelli family-controlled holding company and includes a commitment to invest 1 billion euros in the team's long-term development if the deal proceeds.

The proposal comes after Tether acquired a minority stake in Juventus earlier this year, marking an expansion of the company's involvement with the club. Juventus, a 36-time Serie A champion and one of Europe's most storied football institutions, has previously engaged with cryptocurrency through fan tokens on platforms like Chiliz and sponsorship deals with digital asset firms. However, Tether's bid represents a potential shift toward full operational control by a crypto entity, which would be unprecedented for a club of Juventus's stature.

Under the terms outlined by Tether, the acquisition would be fully funded with the company's internal capital. If Exor accepts and regulators approve, Tether plans to launch a public tender offer for...