Agnelli Family Rejects Tether's Bid for Juventus: Club Not for Sale

Italy's Agnelli family has firmly rejected an offer from crypto firm Tether to buy Juventus, retaining their historic ties to the soccer club. Tether proposed a significant investment, but Exor, the family’s holding company, declined, citing no intention to sell their shares in the club.

In a definitive move, Italy's Agnelli family has dismissed Tether's bid to acquire their cherished soccer club, Juventus. Exor, the family's holding company, announced that Juventus is not up for sale, emphasizing the club's legacy and values that span nearly a century.

Tether, based in El Salvador and spearheaded by Italian Paolo Ardoino, unveiled its ambitious plan on Friday to purchase Exor's stake in Juventus. The crypto firm intended to launch a public tender and commit one billion euros to bolster the club's prospects.

However, Exor's board, valuing Juventus at over one billion euros post-offer, unanimously declined, reinforcing their commitment to retain ownership amid Juventus's recent financial challenges and its rich history of league triumphs, notwithstanding recent on-field struggles.

(With inputs from agencies.)