Tether Makes Surprise Play for Juventus Control

[johnblockbuster]

Crypto stablecoin issuer Tether has submitted a binding all-cash bid to fully acquire Juventus Football Club, targeting Exor’s 65.4% controlling stake held by the Agnelli family for over a century.

If accepted, Tether says it would launch a public offer for the remaining shares at the same price. Juventus, a publicly traded club, currently holds a market valuation of about €944 million ($1.1B).

[Nahid Hossen]

This move caught everyone off guard—crypto influence in sports keeps growing.

[Abdul Khan]

Whether it succeeds or not, Tether is clearly thinking beyond just stablecoins.