JUVENTUS has turned down a surprising takeover offer from the cryptocurrency company tether. John elkann, the ceo of exor, which owns juventus, clearly stated that the club is not up for sale. In a rare video message, elkann emphasized that the club's history and values will stay under the control of the agnelli family.
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| Alessandro Garofalo / Reuters |
Tether, led by ceo paolo ardoino, announced on friday that it had made a full cash offer to buy exor's majority stake in juventus.
The company said it was ready to start a public offer for the remaining shares and planned to invest 1 billion euros in the club if the deal went through.
Reports suggest tether offered 2.66 euros per share, which would value juventus at just over 1 billion euros.
That's a 21% increase over the current share price. However, exor's board rejected the offer unanimously, and they have no plans to sell their 65.4% stake to anyone else.
Even though juventus has faced financial difficulties in recent years, exor is still focused on the club's future.
Tether, which already owns more than 10% of juventus shares, is believed to think that buying the club would help improve its standing in europe, especially with more government oversight in the crypto industry.
John Elkann: “Juventus, our history, and our values, are not for sale.” pic.twitter.com/nC6pX8s327
— JuventusFC 🇬🇧🇺🇸 (@juventusfcen) December 13, 2025