The company behind the world\u2019s largest stablecoin has submitted a binding all-cash proposal to Exor, Juventus\u2019 current owner, to buy its entire stake in the Italian club. Tether plans to make a public offer after receiving the necessary regulatory approvals for the remaining shares at the same price, fully funded with its own capital.<\/p>\n
The statement from the company reads<\/a> that Juventus has stood for \u201cdiscipline, ambition, and the quiet strength of those who rebuild and move forward, season after season\u201d for decades. It described the Italian football club as an icon that reshaped the local sporting identity and \u201cearned the loyalty of supporters around the world.\u201d<\/p>\n Tether CEO Paolo Ardoino reaffirmed his personal support for the team, indicating that Juventus has always been a part of his life, and added:<\/p>\n \u201cI grew up with this team. As a boy, I learned what commitment, resilience, and responsibility meant by watching Juventus face success and adversity with dignity. Those lessons stayed with me long after the final whistle.\u201d<\/p>\n He doubled down that his company\u2019s interest in Juventus \u201ccomes from deep admiration and respect\u201d as it\u2019s a symbol of \u201cItalian excellence with a truly global presence, built over generations through hard work, ambition, and the unwavering loyalty of its supporters.\u201d<\/p>\n The submitted proposal contemplates the acquisition of Exor\u2019s shareholding, which currently represents 65.4% of the club\u2019s issued share capital.<\/p>\n Should the transaction be approved by the regulators and Exor, Tether said it intends to invest a billion Euros \u201cin the support and development of the club.\u201d Recall that the company made its first steps<\/a> into the Juventus ecosystem in February this year after acquiring a minority stake.<\/p>\n The post Tether Moves to Buy Juventus in Major Historic Football Bid<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" The company behind the world\u2019s largest stablecoin has submitted a binding all-cash proposal to Exor, Juventus\u2019 current owner, to buy its entire stake in the Italian club. Tether plans to make a public offer after receiving the necessary regulatory approvals for the remaining shares at the same price, fully funded with its own capital. The […]<\/p>\n","protected":false},"author":0,"featured_media":120107,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-120106","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/120106"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=120106"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/120106\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/120107"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=120106"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=120106"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=120106"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}