Juventus on the Brink of a Billion-Dollar Bid as Tether Circles Exor

Update

Juventus' decline persists locally and in Europe.

Juventus owners received an offer to buy their stake, per a statement from cryptocurrency group Tether.

The company said in a Friday statement it would invest one billion euros to support and develop the club if the deal succeeds fully.

The offer includes Tether taking Exor's stake in Juventus, which owns sixty-five point four percent of total capital.

Sources close to Exor told Athletic that the company does not intend to sell its Juventus stake to Tether or anyone else, stressing the club is not for sale.

Tether already owns eleven and a half percent.

At Juventus' annual general meeting last November, Paolo Garino, nominated by Tether, was appointed to the club's board as a director.

The Agnelli family has controlled Juventus for more than a century, the oldest owning dynasty in football, and generations have helped shape the Bianconeri into Italy's most successful side in history.

If this deal goes through, Juventus might finally meet a buyer who signs the checks.

And if not, well, the club will keep selling shirts and keeping receipts.