Exor Rejects Tether’s Bid for 65.4% of Juventus, Reaffirms Long-Term Ownership
Exor N.V., the Agnelli family’s holding company and majority owner of Juventus FC, unanimously rejected a binding all-cash bid from Tether Investments to buy Exor’s 65.4% stake. The bid was declined within 24 hours of submission. Exor and CEO John Elkann reaffirmed that Juventus is not for sale, invoking the family’s 102-year ties to the club and pledging continued financial and managerial support to restore competitiveness. Tether — already the club’s second-largest shareholder and recently granted a board seat — had proposed the takeover as part of plans to address Juventus’s recent financial struggles and to possibly launch a public tender for remaining shares. Juventus’s market valuation was reported near $925 million at the most recent close. The development drew market attention because Tether is a major stablecoin issuer; traders should note the rejection reduces the chance of a crypto-related corporate control shift, limits near-term strategic investment by Tether in the club, and removes a potential channel for high-profile crypto–traditional-sports integration that might have affected sentiment toward Tether-linked assets.
Neutral
The immediate market impact on Tether’s native stablecoin and on broader crypto prices is likely neutral. The rejection closes a high-profile route for Tether to expand corporate influence via sports ownership, which might have produced short-term speculation or sentiment-driven flows into Tether-linked products. However, Tether’s market position as the largest stablecoin issuer is fundamentally unchanged by a declined acquisition; there is no direct operational or reserve-change disclosure tied to this corporate refusal. Short-term: traders may see modest sentiment moves or news-driven volatility in crypto micro-markets tied to Tether mentions, but no clear directional price catalyst. Long-term: the decision preserves the status quo — Exor retains strategic control of Juventus and Tether remains a shareholder with board representation, leaving open possibilities for future partnership or investment but not an immediate takeover that would materially alter Tether’s risk profile. Overall, this is a corporate governance and PR event with limited direct ramifications for token supply, reserves, or on-chain fundamentals, so categorize as neutral for price impact.