Tether Submits Bid To Acquire Juventus Football Club — Details
Stablecoin operator Tether has submitted a market bid to amass a controlling stake in Italian soccer membership Juventus FC. This growth follows preliminary minor investments, because the USDT issuing firm seems to deepen its involvement with the footballing establishment.
Tether Promises 1 Billion Euros For Sport Development If Bid Succeeds
In Feb 2025, Tether announced a minority stake buy of 8.2% in Juventus FC. The stablecoin issuer described this acquisition as a strategic transfer to combine stablecoins and digital belongings into on a regular basis life. Two months later, Tether would enhance its holdings to 10%, as the corporate’s CEO and lifelong Juventus supporter, Paolo Ardoino, defined the transfer as a dedication to long-term innovation.
Taking this step additional, the USDT operator has submitted an audacious bid to amass the whole 65.4% controlling stake of the soccer membership from Exor, the listed holding firm of the billionaire Italian Agnelli Family. For context, Juventus FC ranks because the third-largest Italian membership with a market valuation of $1.87 billion. However, the Old Lady, as it’s popularly referred to as, is essentially the most embellished within the land, boasting 71 main honors, which embody 36 Serie A championships.
While Juventus’ momentum has slowed down in recent times, with its final league-winning marketing campaign coming in 2020, the Italian large has remained related by securing three home cup trophies since then. Paolo Ardoino explains that Tether’s goal is to contribute to Juventus’ progress and drive distinctive efficiency.
The Tether CEO mentioned:
Tether is able of sturdy monetary well being and intends to assist Juventus with steady capital and a protracted horizon. Our purpose is to make a optimistic contribution to the membership’s future, assist its sporting efficiency on the highest stage, and assist Juventus proceed to develop sustainably in a quickly evolving world sports activities and media panorama.
To this finish, Tether has promised to take a position 1 billion Euros within the membership if the transaction receives approval from related regulatory our bodies. However, footballing media The Athletic has reported that sources near Exor state the Agnelli Family has no intent to divest their stake in Juventus, with the message being “the membership just isn’t on the market.”
Notably, Juventus represents certainly one of Tether’s investments, which additionally consists of the Italian media firm Be Water and the Canadian video platform Rumble.
USDT Market Overview
At the time of writing, USDT’s complete market cap is valued at $186.24 billion, rating as the biggest stablecoin and third-largest cryptocurrency on the earth.