Tether has made a formal cash offer to purchase Exor’s controlling interest in Juventus Football Club
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Tether has offered to acquire Exor’s 65.4% stake in Juventus using only its own capital. The stablecoin issuer plans to publicly bid the remaining shares at the same price. Tether has committed €1 billion to support Juventus’ growth and long-term development of the sport.
The bid aims to give Exor a 65.4% ownership stake in the Italian club, with plans to acquire all remaining shares at the same price through a subsequent tender offer.
The acquisition will be funded entirely from Tether’s balance sheet, with no external funding.
CEO Paolo Ardoino said the move was deeply personal: “Juventus has always been a part of my life. I grew up with this team. As a boy, I learned what dedication, resilience and responsibility meant by watching Juventus face success and adversity with dignity.”
Tether commits to invest €1 billion in club development
If the deal goes through, Tether has earmarked €1 billion for investment and development in the club. Ardoino characterized the bid as being in line with Tether’s corporate philosophy, rather than a pure financial strategy.
“Juventus is a symbol of Italian excellence with a truly global presence, built over generations through hard work, ambition and the unwavering loyalty of its supporters. These values reflect the way we have built Tether, with an emphasis on perseverance, independence and long-term resilience,” Ardoino wrote.
The deal faces several hurdles, including Exor’s approval, final deal execution, and regulatory clearance. Once Tether secures a majority stake, the company plans to extend its offer to minority shareholders on comparable terms.
Ardoino framed this approach carefully: “This proposal is made with humility and a deep sense of responsibility towards the club, its supporters and its traditions. We believe that Juventus’ story is still being written and that its next chapter can be defined by strength, continuity and ambition.”
Juventus bid expands Tether’s diversification drive
Juventus’ bid caps a year of rapid expansion beyond Tether’s USDT business. In November, the company committed $1.5 billion in commodity trade finance across the oil, cotton and wheat sectors.
Recent launches include partnerships with QVAC Health for wearable data management and HoneyCoin targeting digital asset adoption in Africa. The company applied for an El Salvadoran investment fund license at the same time it began its share buyback program.
In the first three quarters of 2025, Tether generated more than $10 billion in net income. Reserve holdings include $12.9 billion in gold and $9.9 billion in Bitcoin. The circulating value of USDT exceeded $174 billion by September.
The company’s total asset base approaches $200 billion, giving it the financial capacity to make major acquisitions.
