Juventus, Exor rejects Tether's bid for control

(Alliance News) - Juventus is not for sale. Exor's board of directors unanimously rejected Tether Investments' unsolicited offer to purchase 65.4% of the club held by the Agnelli family's holding company.

As reported by Milano Finanza, Tether, already an 11.5% shareholder, will remain in the capital but will not increase its stake further.

Exor reiterated that it has no intention of selling all or part of its stake, confirming Juventus as a strategic and identity asset, controlled by the Agnelli family for over a century.

The holding company also confirmed its full support for the new management, which is committed to the sporting and economic relaunch of the club.

Tether's offer was entirely in cash, amounting to EUR2.66 per share, with a total valuation of EUR1.1 billion and a promise to invest EUR1 billion in the event of a takeover bid.

The rejection closes, at least for now, any possibility of a change in the shareholding structure. John Elkann reiterated that "Juventus, our history, and our values are not for sale."

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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