Tether Submits Proposal to Acquire Juventus Football Club - Tether.io

Tether has submitted a binding all-cash proposal to Exor to acquire its entire stake in Juventus Football Club, representing 65.4 percent of the club's issued share capital. Subject to regulatory approvals, Tether intends to then make a public tender offer for the remaining shares at the same price per share. Tether CEO Paolo Ardoino said the company sees Juventus as more than a football club and described its interest as coming from deep admiration and respect. If the transaction completes, Tether is prepared to invest 1 billion euros in the club's support and development.