Tether's Cash-Only Bid for Juventus

Tether has proposed an all-cash bid to acquire the Agnelli family's entire stake in Juventus. The cryptocurrency group already owns over 10% of the Italian soccer club and aims to buy 65.4% from Exor, the holding company of the Agnelli family.

Tether, a prominent cryptocurrency group, has set its sights on the iconic Italian soccer club, Juventus. On Friday, the company announced a bold all-cash proposal aimed at acquiring the Agnelli family's entire stake in the club.

This ambitious bid is a significant move for Tether, which has already secured more than 10% of shares in Juventus this year. The proposal targets the 65.4% shareholding held by Exor, the Agnelli family's holding company.

If successful, the acquisition would mark a notable shift in Juventus's ownership, bringing the club under the influence of a cryptocurrency giant.

(With inputs from agencies.)