Tether faces resistance from Juventus’ largest shareholder after acquisition bid

Tether submitted a binding, all-cash bid to acquire a 65.4% stake in Juventus from Exor, the Agnelli family's holding company, which would include a €1 billion investment. However, the Agnelli family, the club's majority owners, have firmly stated they have no intention of selling, despite Tether being the second-largest shareholder and recently securing a board seat. While Tether CEO Paolo Ardoino aims to restore the club's glory amid recent financial struggles, Juventus remains central to the Agnelli family's identity, making a sale highly controversial despite the family considering divestment from other underperforming assets.

(Source：Crypto Briefing)