Agnelli family stance revealed after Tether’s €1.1bn offer to buy Juventus
A spokesperson for the Agnelli family has confirmed that negotiations over a potential takeover of Juventus are ‘not underway’ following a €1.1 billion takeover offer from minority shareholders, Tether.
On Friday evening, Tether officially announced that they had lodged an offer to purchase Exor’s majority stake in Juventus. Exor is the holding company owned by the Agnelli family, which has been in control of the football club since 1923.
Tether, who currently own a minority stake of just over 10%, have offered a price of €2.66 per share, which equates to around €1.1 billion for Exor’s 65.4% stake in the club.
Tether has announced that it intends to make a public offer for the remaining shares at the same price.
What Agnelli family says about Tether’s Juventus takeover proposal
“Negotiations are not underway regarding the sale of a stake in Juventus,” a spokesperson for the Agnelli family told La Gazzetta dello Sport. The spokesperson also referred to Tether’s takeover proposal as ‘press rumours’.
Tether CEO Paolo Ardoino, a lifelong Juventus supporter, insists that the takeover attempt is sincere.
“Today, Tether has sent an official proposal to Exor to purchase their entire stake in Juventus,” he wrote in a tweet on X on Friday.
“From the beginning, our goal has always been to support the team and bring it back to the glory that it deserves. As part of our commitment, if this transaction goes through successfully, Tether will invest €1 billion into the club.”