Juventus Replies Officially: A Bold Rebuff to the Shocking Tether Bid
13 December 2025
What happened
Exor, the Agnelli family’s holding company, announced on Saturday that it has no intention of selling Juventus, rebuffing the surprise bid from Tether, the cryptocurrency company.
Bid details
Tether, based in El Salvador, disclosed on Friday a full cash offer to buy the Agnelli family’s entire stake in Juventus for €2.66 per share, valuing the club at just over €1 billion (about $1.17 billion).
The offer represents a 21% premium to Juventus’ previous close of €2.19.
Rejection and stakes
Exor’s board said the offer was unanimously rejected and that there is no intention to sell any Juventus shares to a third party, including Tether.
Juventus has not posted a net annual profit in nearly a decade, and its shares have fallen about 27% this year.
Tether, which issues the USDT stablecoin pegged to the dollar, had acquired more than 10% of the club this year, becoming the club’s second-largest shareholder after Exor.
Tether stated the bid aims to acquire Exor’s 65.4% stake, and the firm would launch a bid for the remaining Juventus shares at the same price, potentially investing €1 billion to support the club if the deal closes.
Agnelli family ties to the club go back to 1923 when Edoardo Agnelli became president of the club.
Paolo Ardoino, Tether’s CEO, is Italian and a Juventus supporter.
The market capitalization of USDT was around $186 billion on that Friday.
