- Exor rejected Tether’s takeover bid and confirmed it will keep full control of Juventus Football Club.
- Tether’s billion euro offer failed despite a premium price and plans for major investment.
- The Agnelli family continues more than a century of Juventus ownership without change.
Exor has rejected Tether’s bid to acquire control of Juventus Football Club, ending speculation over a possible ownership change. The decision came one day after the stablecoin issuer submitted a binding all-cash proposal.
Exor affirmed that it will maintain the controlling stake of 65.4%. The transfer retains Juventus in the control of the family of Agnelli, which has spanned over a hundred years.
Exor reinforces control over Juventus
Exor’s board of directors reviewed the proposal soon after it arrived. The offer was unanimously dismissed by the board. Exor once again denied that it is planning to sell any Juventus stock. That stance applies to all potential buyers, including Tether. The company described Juventus as a core long-term holding rather than a financial asset for sale.
The rejection immediately halted takeover discussions. Exor did not seek further clarification or enter negotiations. The holding company emphasized stability and continuity as key priorities. Juventus therefore remains under the same controlling shareholder heading into the next season. The decision signals that ownership strategy will not change despite market interest.
Tether’s offer and valuation breakdown
Tether recently moved to buy full control of Juventus with a cash offer. Tether’s proposal valued Juventus shares at 2.66 euros each. That figure represented a premium of roughly 21% over the previous closing price. The bid implied a total club valuation slightly above one billion euros. Juventus traded at a lower market capitalization before news of the offer emerged.
The proposal included additional financial commitments. Tether planned to invest around one billion euros into club development. That funding aimed to support operations, infrastructure, and long-term planning. Tether also intended to launch a public tender offer. Remaining shareholders would have received the same price per share.
Despite these terms, Exor declined to proceed. The board did not request revisions or alternative structures. The rejection closed the path to a full acquisition. Market reaction reflected the clarity of Exor’s position.
Rising minority stake before the bid
Tether has gradually built a stake in Juventus throughout the year. The company first acquired shares earlier in February. It expanded that position to roughly 11.5 % by April. This made Tether the second-largest shareholder behind Exor.
The growing stake increased Tether’s visibility inside the club. Shareholders later approved one Tether-backed board appointment. A second nominee did not receive sufficient support. Exor continued to control voting power and governance decisions.
The acquisition attempt followed this period of steady accumulation. It marked Tether’s most direct effort to gain control. After the rejection, its options remain limited. Tether may hold its stake, increase it below control thresholds, or exit entirely.
Century-long ownership influences outcome
The Agnelli family has controlled Juventus since 1923. Ownership has passed through multiple generations. The family retained control during periods of success and crisis. That included the 2006 Calciopoli scandal and the club’s relegation.
Exor maintained ownership throughout the recovery phase. The company continues to support Juventus’ current management strategy. Its focus remains on stability both on and off the pitch. The rejection underscores continuity rather than financial reconsideration.
