Exor Rejects Tether Bid for Juventus Football Club

In a significant development in the world of sports and cryptocurrency, Exor has firmly rejected Tether's proposal to acquire its controlling stake in Juventus Football Club. The decision was announced on December 13, 2025, just a day after Tether submitted a binding all-cash offer worth approximately €1.1 billion for the club.

Exor, the holding company controlled by the Agnelli family, stated that it has 'no intention of selling any of its shares in Juventus to a third party, including but not limited to El Salvador-based Tether.' The board emphasized the club’s storied history and expressed pride in its long-standing ownership, highlighting that the Agnelli family has maintained a stake in Juventus for over a century.

Tether Proposes Premium Price and Significant Investment for Juventus

Tether's proposal valued Juventus shares at €2.66 each, representing a 21% premium over the closing price of €2.19 on December 12. This offer also included a commitment to invest an additional €1 billion into the club’s development if the acquisition went through. Tether's CEO, Paolo Ardoino, framed the bid as a personal endeavor, noting his lifelong support for the team.

Tether’s Current Position as Second-Largest Shareholder in Juventus

Despite the rejection, Tether holds an 11.5% stake in Juventus, making it the second-largest shareholder behind Exor. This stake was accumulated since February 2025, prior to the formal acquisition proposal. Following the rejection, Tether's strategic options may be limited to maintaining its minority stake or potentially increasing it through open market purchases.

Agnelli Family’s Century-Long Commitment to Juventus Football Club

The Agnelli family has controlled Juventus since 1923, enduring various challenges, including the infamous Calciopoli scandal in 2006, which resulted in the club's relegation. Throughout these trying times, the family remained steadfast in its ownership and commitment to rebuilding the club. Exor's CEO, John Elkann, remarked on this legacy, stating, 'Juventus has been part of my family for 102 years,' emphasizing the family's dedication to the club.