Tether announce €1.1bn offer to purchase Juventus

Tether, minority shareholders of Juventus, have announced that they have submitted an offer to purchase Exor’s majority stake in the club and that they intend to purchase the remaining shares to assume full ownership. 

Tether, a cryptocurrency stablecoin, initially purchased a minority stake in Juventus in February 2025. CEO Paolo Ardoino is a life-long Bianconeri supporter. 

Tether increased their stake in the club in April, and it was reported at the time that they currently possess 10.12% of the club’s shares and 6.18% of the club’s voting rights. 

Tether has announced on Friday evening that they have tabled a ‘binding all-cash proposal’ to purchase Exor’s shares in the club. Exor is the holding company owned and controlled by the Agnelli family, who have owned Juventus since 1923. 

Currently, Exor holds 65.4% of the shares in Juventus. According to reports from Calcio e Finanza, Tether has offered a price of €2.66 per share, which equates to a total of around €1.1 billion.

Tether has announced that it intends to make a public offer for the remaining shares at the same price. 

“Tether has submitted a binding all cash proposal to Exor to acquire its entire stake in Juventus Football Club,” a statement on Friday evening read. 

“Subject to regulatory approvals, Tether intends to make a public offer for the remaining shares at the same price, fully funded with its own capital and supported by a long term commitment to the club.

“This proposal reflects a belief in Juventus as more than a football club. For generations, Juventus has stood for discipline, ambition, and the quiet strength of those who rebuild and move forward, season after season. It is a club that has shaped Italian sporting identity and earned the loyalty of supporters around the world.”

“For me, Juventus has always been part of my life,” said Paolo Ardoino, CEO of Tether. “I grew up with this team. As a boy, I learned what commitment, resilience, and responsibility meant by watching Juve face success and adversity with dignity. Those lessons stayed with me long after the final whistle.

“Our interest in Juventus comes from deep admiration and respect. Juventus is a symbol of Italian excellence with a truly global presence, built over generations through hard work, ambition, and the unwavering loyalty of its supporters. These values mirror how we have built Tether, with patience, independence, and a focus on long term resilience.

“Tether is in a position of strong financial health and intends to support Juventus with stable capital and a long horizon. Our goal is to contribute positively to the club’s future, to support sporting performance at the highest level.

“This proposal is made with humility and a deep sense of responsibility toward the club, its supporters, and its legacy. We believe Juventus’ story is still being written, and that its next chapters can be defined by strength, continuity, and ambition.”

Tether’s statement continued: “The proposal contemplates the acquisition of Exor’s shareholding, representing 65.4 percent of Juventus’ issued share capital. Completion of the transaction would be subject to Exor’s acceptance, the execution of definitive documentation, and receipt of required regulatory approvals. Following completion, Tether intends to proceed with a public tender offer for the remaining shares at the same price per share.

“In the event that the transaction completes, Tether is prepared to invest 1 billion Euros in the support and development of the Club. 

“Tether operates with a long term investment philosophy supported by a strong balance sheet and a focus on building resilient, globally relevant institutions. Further updates will be provided in accordance with applicable laws and regulations.”