TechFlow news, December 13 — According to Hupu, citing a joint report by Italian journalists Riccardo Meloni and Eleonora Trotta, cryptocurrency giant Tether is serious about acquiring Juventus FC and is preparing to submit a new offer exceeding 2 billion euros.
Yesterday, Tether submitted a formal bid to Exor's board for the 65.4% stake in Juventus held by the Agnelli family's holding company. CEO Paolo Ardoino announced this via social media, but this marks only the beginning of negotiations.
Tether's intent to acquire Juventus is genuine and not merely promotional. Yesterday's public offer was just the first step, with real negotiations now commencing. Preliminary contact between both parties took place yesterday. To convince John Elkann to sell his shares in Juventus, Tether is willing to double its previous offer, pushing the club’s overall valuation above 2 billion euros.
Although Exor has unofficially denied the bid, the figure could still prove persuasive to Elkann. One must also not underestimate the trend of the Agnelli family's holding company gradually exiting the Italian investment market—the ongoing situation at GEDI Group serves as a clear example.
Elkann has long described Juventus as a family asset, not merely one of many businesses under Exor's control. However, an overall valuation exceeding 2 billion euros may become an irresistible temptation.
Previous report: Tether plans to fully acquire Juventus Football Club and intends to invest 1 billion dollars to rebuild the club.
