Tether made a binding cash offer to buy Exor’s 65.4% stake in Juventus for €1.1 billion and proposed a public offer for remaining shares at €2.66 each, but Exor firmly rejected the bid saying Juventus is not for sale.Tether, which already owns 11.5% of the club and is known for its USDT stablecoin and ventures in AI and biotech, said it would invest an additional €1 billion to develop the team and adopted the slogan "Make Juventus Great Again".Tether nominee
Francesco Garino was recently appointed to
Juventus’s board, CEO
Paolo Ardoino defended his long-standing ties to the club, and the offer was set to expire if
Exor did not accept in writing by 6:00 PM on December 22.