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Juve Players Must Deliver After Agnellis Reject Buyout Bid, Says Spalletti
- Tether submitted a binding all-cash proposal on Friday for Exor's 65.4% stake, aiming to boost its minority stake to 100% and plans a public tender offer for remaining shares.
- Earlier this year, Tether indicated it sought a more active role at Juventus and said it's `prepared` to invest $1 billion if the transaction completes.
- Juventus FC SpA had a $925 million market capitalization at Friday's close, the JUV fan crypto token surged 30%, and Tether holds 116 tons of gold.
- Tether said `Tether is in a position of strong financial health and intends to support Juventus with stable capital and a long horizon,` citing net profits surpassed $188 billion in the first nine months and its $188 billion USDT token.
- The bid comes as Tether expands beyond crypto into artificial intelligence, payments, robotics and sports, with Paolo Ardoino, Tether CEO, saying `interest in Juventus comes from deep admiration and respect`.
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PressNewsAgencyJuve players must deliver after Agnellis reject buyout bid, says Spalletti
Dec 13 : Juventus manager Luciano Spalletti welcomed John Elkann and the Agnelli family's decision not to sell their majority stake in the Serie A club, and said it was now up to those on the football side to build a better future.On Saturday, the Agnelli family's holding company Exor rejected an all-cash off
·Singapore
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The buy-back offer made by the cryptocurrency company Tether to buy the Juventus was rejected this Saturday.
·Paris, France
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Crypto Firm Tether Makes Bold $1 Billion Play For Juventus Football Club
Tether Holdings announced on Friday that it submitted a binding all-cash proposal to Exor, a Dutch-based global investment holding company controlled by Italy's Agnelli family, to acquire its entire stake in Juventus Football Club.
·New York, United States
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Coverage Details
Total News Sources100
Leaning Left8Leaning Right12Center16Last UpdatedBias Distribution45% Center
Bias Distribution
- 45% of the sources are Center
45% Center
L 22%
C 45%
R 33%
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