Exor rejects €1.1bn Tether offer for Juventus | OneFootball

Exor has rejected a €1.1bn offer from cryptocurrency firm Tether to buy its majority stake in Juventus. The Agnelli family holding announced the decision on Saturday, a day after the approach.

Exor said in a statement that its board had unanimously rejected the unsolicited proposal from Tether Investments to acquire its shareholding in the club. It reiterated it has no intention of selling any of its stake to a third party, including El Salvador based Tether, and said the family remains fully committed to supporting the new leadership and a clear strategy on and off the pitch.

Tether entered Juventus’s share register in February 2025 with an 8% stake, which has since risen to 11.5%. On Friday it offered to purchase Exor’s 65.4% holding for cash. The company also pledged to invest €1bn in the club.

Juventus remain Italy’s most decorated side with 36 league titles, 15 Coppa Italia wins and 2 European Cups. Their last Scudetto came in 2020 and their most recent trophy was the 2024 Coppa Italia. A difficult 2024-25 season brought the dismissal of Thiago Motta, and they are already adrift in the 2026 title race in seventh after parting with Igor Tudor and appointing Luciano Spalletti.

The club has also faced accounting scandals that led to sporting sanctions and the exit of former president Andrea Agnelli, who served from 2010 to 2023. Finances remain fragile since Covid, with losses reduced in 2024-25 but still at €58m despite family support.

Source: L'Équipe