Juventus rejection of Tether's bid highlights shareholder positioning

about 1 month ago

Louise Moon

"So, late on Friday, a bid came for Juventus, the the Italian football team from Tether, the crypto firm. the the uh the the owners, the majority owners of the football team, one of Italy's most influential families, uh the Agnelli family, their investment vehicle, Exor uh had meetings over the weekend and have unanimously decided not to recommend. So they've rejected that bid. So as I say, that was made late on Friday. It valued Aventus at about 1.1 billion euros and they've said they don't have any intention of selling their stake to Tether or to anyone else uh really."

The commentary highlights that Juventus rejected Tether's bid valued at about 1.1 billion euros, with the Agnelli family's Exor deciding not to sell its stake. The insight notes that Juventus shares are rising significantly and hints at the possibility of future bids.