The Agnelli family, through Exor, definitively rejected Tether 's $1.3 billion offer to buy Juventus in less than 24 hours.
Tether offered $1.3 billion to acquire Juventus but was rejected by the Agnelli family.
In less than 24 hours, Tether ambition to acquire one of the greatest icons of European football has officially ended. The Agnelli family, through its parent company Exor, unanimously rejected a $1.3 billion offer to buy Juventus from the stablecoin giant Tether , while reaffirming their firm stance that they will not sell any shares in Juventus.
Tether offers "cash"
Before being flatly rejected by Exor, Tether proactively submitted a binding cash offer to Juventus. The most notable aspect of this offer was that the entire deal would be paid for in cash, without using debt, shares, or Derivative financial instruments.
Tether Submits Proposal to Acquire Juventus Football Club 🦓
— Tether (@Tether_to) December 12, 2025
Read more: https://t.co/CDv8OosqFU
Specifically, Tether proposed to acquire 65.4% of Exor's shares in Juventus at a price of €2.66 per share, approximately 21% higher than the closing price of Juventus shares before the announcement. At this price, Tether valued the entire Juventus club at around €1.1 billion (equivalent to nearly $1.3 billion), a figure large enough to make this one of the biggest takeovers in Italian football history in the last decade.
- Not stopping at just buying shares, Tether also committed to injecting an additional €1 billion in long-term Capital if the deal goes through. According to Tether, this money will be used to restructure the club's finances, stabilize cash flow, reduce debt pressure, and invest in the squad, infrastructure, and long-term development strategies both on and off the field.
- This move comes as Juventus has received over €1 billion in Capital from Exor over the past seven years to maintain operations, demonstrating that Tether is not only aiming for ownership of the iconic symbol but is also willing to play a strategic financial support Vai for the club.
- Tether CEO Paolo Ardoino also doesn't hide his deep emotional attachment to Juventus. In the statement accompanying the offer, he emphasized that this is not simply a financial deal:
“For me, Juventus has always been a part of my life. I grew up with this club. Tether is currently in a very strong financial position and we are ready to support Juventus with stable Capital , a long-term vision and genuine responsibility.”
In fact, Tether is not a stranger to Juventus. The company quietly acquired shares in the club in February 2025 , increasing its ownership to over 10% in April 2025. Tether also successfully backed Francesco Garino's appointment to the Juventus board of directors in November.
- Nevertheless, attempts to expand its influence further, including the nomination of Deputy Investment Director Zachary Lyons, were not approved by shareholders, demonstrating that Tether 's power boundaries at Juventus remain tightly controlled.
Exor responded emphatically: "Juventus is not for sale."
Less than 24 hours after Tether announced its takeover bid, Exor, the parent company of the Agnelli family and also the controlling shareholder of Juventus, quickly issued an official response with a firm stance.
NEW: EXOR UNANIMOUSLY REJECTS TETHER'S $1.3 BILLION BID TO ACQUIRE JUVENTUS FOOTBALL CLUB
— DEGEN NEWS (@DegenerateNews) December 13, 2025
SOURCE: https://t.co/cG069HFhZb pic.twitter.com/PPljX0nn0L
- In a press release, the Exor board of directors unanimously rejected Tether's proposal, reaffirming their long-held position:
“Exor has no intention of selling any part or all of his stake in Juventus to any third party, including but not limited to Tether.”
- Shortly afterwards, Exor CEO John Elkann, a direct descendant of the Agnelli family, appeared in a video posted on Juventus' official website, directly addressing the incident. He emphasized:
“Juventus has been a part of my family for 102 years. The history, identity, and values of Juventus are not for sale.”
- Despite Juventus facing numerous financial difficulties, including over €1 billion in additional Capital injections over the past seven years, along with restructuring pressure following sanctions and governance changes, Exor insists he will not compromise control of the club, even in the face of large cash offers and long-term investment commitments like those from Tether.
Tether 's diversification strategy beyond stablecoins.
- Exor's rejection of the acquisition offer is a setback in Tether 's strategy to expand beyond the stablecoin sector. In 2025, the company recorded net profits exceeding $10 billion and has consistently Capital in diverse areas such as AI , computing infrastructure, robotics , bitcoin mining , and energy.
Most recently, Tether received significant legal recognition at the Abu Dhabi Global Market (ADGM), where the USDT stablecoin was officially recognized as a valid fiat-backed reference Token on nine more major blockchains, including Aptos, Celo, Cosmos, Kaia, Near, Polkadot, Tezos, TON, and TRON.
- Previously, USDT was approved on Ethereum, Solana, and Avalanche. This new move paves the way for licensed institutions at ADGM to legally and regulatedly provide USDT related services, from building multi- chain liquidation platforms to increasing interoperability for transactions, payments, and DeFi applications.
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