Tether has made a formal cash offer to buy Exor’s majority stake in Juventus Football Club.
Summary
- Tether offered to acquire Exor’s 65.4% stake in Juventus using only its own capital.
- The stablecoin issuer plans a public tender for the remaining shares at the same price.
- Tether pledged 1 billion euros to support Juventus’ growth and long-term sporting development.
The offer targets Exor’s 65.4% ownership in the Italian club, with plans for a subsequent public offer to acquire all the remaining shares at an identical price.
The acquisition would be financed entirely from Tether’s balance sheet without external financing.
General manager Paolo Ardoino called the move deeply personal, saying: “For me, Juventus has always been a part of my life. I grew up with this team. As a child, I learned what commitment, resilience and responsibility meant by watching Juventus face success and adversity with dignity.”
Tether promises an investment of one billion euros in club development
Should he deal near, Tie has allocated one billion euros for the investment and development of the club. Ardoino positioned the offering as aligned with Tether’s corporate philosophy rather than a pure financial strategy.
“Juventus is a symbol of Italian excellence with a truly global presence, built over generations through the hard work, ambition and unwavering loyalty of its fans. These values reflect how we have built Tether, with patience, independence and a focus on long-term resilience,” Ardoino wrote.
The transaction faces several hurdles, including Exor approval, final execution of the deal and regulatory clearance. Once Tether obtains the majority stake, the company will extend an offer to minority shareholders on equivalent terms.
Ardoino formulated the approach cautiously: “This proposal is made with humility and a deep sense of responsibility towards the club, its fans and its legacy. We believe that the history of Juventus is still being written and that its next chapters can be defined by strength, continuity and ambition.”
Juventus Offer Expands Tether’s Diversification Drive
Juventus’ offering caps a year of rapid expansion beyond Tether’s USDT business. In November, the company committed $1.5 billion to finance commodity trading in the oil, cotton and wheat sectors.
Recent launches include QVAC Health for wearable data management and a partnership with HoneyCoin aimed at digital asset adoption in Africa. The company applied for an investment fund license in El Salvador while initiating a share buyback program.
The first three quarters of 2025 generated more than $10 billion in net profits for Tether. The reserves include $12.9 billion in gold and $9.9 billion in Bitcoin. USDT circulation exceeded $174 billion in September.
The company’s total asset base is approaching $200 billion, providing financial capacity for major acquisitions.
