Agnelli Family Rejects Tether's $1.2 Billion Juventus Buyout Offer

The Agnelli family has rejected a $1.2 billion buyout offer from cryptocurrency firm Tether, maintaining control over Juventus, Italy's most successful football club. Exor, the family's holding company, emphasized their commitment to Juventus's future amidst leadership changes and competitive dynamics in Serie A.

In a bold declaration of continuity, the Agnelli family has turned down a formidable 1 billion euro ($1.2 billion) buyout proposition from cryptocurrency powerhouse Tether. As announced by John Elkann, CEO of Exor, the Agnelli family's holding company remains steadfastly committed to keeping Juventus under its century-old stewardship.

Highlighting the emotional and historical ties to Juventus, Elkann conveyed, "Juve, with its remarkable history and enduring values, is a deeply rooted part of our family legacy." For over 102 years, the Agnelli family has overseen Juventus's storied journey, celebrating triumphs and weathering challenges.

Despite recent management upheavals at Juventus, including hiring Luciano Spalletti as coach following a turbulent season start, Exor reinforces its unwavering strategy. Unlike their Serie A counterparts, who have welcomed foreign investment, the Agnelli family exhibits resolute ownership over their beloved club.