Exor N.V., the controlling shareholder of Juventus Football Club owned by the Agnelli family, rejected stablecoin issuer Tether’s takeover bid.

Tether’s $1.3 billion all cash bid for Exor’s 65.4% stake came at a 21% premium to its current value. 

This story is an excerpt from the Unchained Daily newsletter.

Exor said it has no intention of selling shares to any third party, including Tether, emphasizing Juventus as a “storied and successful club” tied to the Agnelli family for over 100 years.

Tether, already Juventus’ second-largest shareholder with an 11.5% stake acquired since February 2025, gained a board seat last month. 

Tether CEO Paolo Ardoino, a self-proclaimed lifelong fan, said he aimed to “Make Juventus Great Again” through the acquisition.