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Tether, the issuer of the world’s most generally used stablecoin USDT, has made headlines with a €1.1 billion (roughly $1 billion) all-cash bid to accumulate Italian soccer powerhouse Juventus FC, signaling a daring push by crypto capital into conventional sports activities possession.
The stablecoin big submitted a binding supply to Exor, the Agnelli household’s holding firm that controls a 65.4 % stake in Juventus, proposing to purchase their shares at €2.66 every after which launch a public tender for the remainder of the membership.
Nonetheless, the bid has reportedly been met with resistance, with Exor sources saying “Juventus will not be on the market.”
“For me, Juventus has at all times been a part of my life,” stated Tether CEO Paolo Ardoino, in an announcement. “I grew up with this staff. As a boy, I discovered what dedication, resilience, and accountability meant by watching Juventus face success and adversity with dignity. These classes stayed with me lengthy after the ultimate whistle.”
Tether Submits Proposal to Purchase Juventus Soccer Membership 🦓
Learn extra: https://t.co/CDv8OosqFU
— Tether (@Tether_to) December 12, 2025
“Tether is ready of sturdy monetary well being and intends to help Juventus with secure capital and a protracted horizon,” stated Ardoino.
Tether Seems to be To Broaden Past Cryptocurrency
Tether has regarded to develop its enterprise past the token and has taken up investing in synthetic intelligence, robotics, and a well being platform (QVAC Well being).
Again in February, Tether acquired a minority stake within the membership, which performs in Italy’s high soccer league, Serie A. After this, the agency aimed to spice up its affect on the membership, as in October, they nominated its deputy funding chief, Zachary Lyons, together with Francesco Garino, to the soccer membership’s board of administrators.
The bids have paid off, as Juventus shareholders permitted Garino’s appointment to the board of administrators final month.
Based on Tether, Juventus is a global group with substantial and sustainable industrial and sporting potential.
Tether’s proposed takeover has already pushed a 26% surge within the Juventus Fan Token (JUV), with buying and selling quantity rising over 1000% to 55.19 million.
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