Juve soars, Tether probes shareholders but Exor values it at EUR2 billion

(Alliance News) - Juventus closed up 19% at EUR2.6 after Tether's offer despite Exor's outright rejection.

As Milano Finanza reported on Tuesday, the stablecoin group, already holding 11.5% of the capital, submitted a binding proposal to purchase the 65.4% held by Exor at EUR2.66 per share, valuing the company at EUR1.1 billion.

Exor unanimously rejected the offer: John Elkann reiterated that "Juventus is not for sale."

This position is linked both to the historic nature of the ownership and to a valuation considered insufficient: for the holding company, the club is worth around EUR 2 billion.

According to rumors, Tether may be considering a relaunch and has initiated contacts with small shareholders.

The market comparison remains Atletico Madrid, valued at EUR 2.5 billion, while Juventus' infrastructure alone is worth EUR 450-600 million, to which is added the weight of its global fan base.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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