Tether Juventus Bid: USDT Issuer Seeks Full Takeover, Invest $1B in Football Club

Tether, the issuer of the stablecoin USDT, has announced its intention to fully acquire the Italian football club Juventus FC by submitting a binding, all-cash proposal to buy the 65.4% majority stake held by Exor. If successful, Tether plans to follow up with a public tender offer for the remaining shares at the same price. Tether CEO Paolo Ardoino stated the company is financially healthy and intends to support Juventus with stable capital, noting he is a lifelong fan. The firm, which already holds over a 10% stake, is prepared to invest $1 billion into the club upon completion of the transaction. This move is part of Tether's broader expansion beyond crypto into areas like sports, AI, and payments. The news caused Juventus's fan token, JUV, to surge 30%.

(Source：CoinDesk)