Tether intends to acquire Italian Juventus Football Club for 1.1 billion euros, potentially becoming the largest sports acquisition in Web3 history.

Stablecoin USDT issuer Tether makes a fully cash offer to the Agnelli family holding company Exor, aiming to take control of Italy’s most famous football club, Juventus. (Background recap: Tether valued at 500 billion USD surpasses SpaceX and ByteDance, revealing the path to becoming a stablecoin leader) (Additional background: 2025 Tether financial analysis: needs an additional 4.5 billion USD in reserves to maintain stability)

Italy’s oldest and one of the most successful clubs: Juventus Football Club (Juventus). They have won a record 36 championships in Italy’s top league and have twice claimed the European Champions League title.

Tether, which already holds an 11.5% stake in the club, earlier this week submitted a binding all-cash bid to Italy’s Agnelli family holding company Exor, planning to acquire 65.4% of Juventus. If the deal is completed, Tether will initiate a mandatory full acquisition to buy out the remaining circulating shares at the same price, aiming to gain control of the club.

Acquisition Proposal Details

According to sources, Tether offers €2.66 per share, valuing Juventus at approximately €1.1 billion, a premium over the recent closing price of €2.19.

Tether states that the acquisition funds come entirely from its own cash reserves, not through debt, and promises to invest up to €1 billion after the transaction for team operations, player acquisitions, and infrastructure. Tether CEO Paolo Ardoino, a long-time Juventus fan, now hopes to elevate from minority shareholder to “controlling shareholder.”

Regulatory and Seller Attitudes Unclear

However, the current acquisition still faces multiple uncertainties. An Exor spokesperson told La Gazzetta dello Sport that they have not negotiated with Tether regarding the transaction, describing media reports as “rumors.” Meanwhile, EU regulators need to review the compliance of a stablecoin company with full control of a publicly listed club, especially regarding funding sources and anti-money laundering regulations.

Italian media Unione Sarda pointed out that any transfer of shares must be reviewed by EU and Italian financial market regulators, a process expected to take several months.

The next steps involve market speculation on whether Exor will loosen its stance and the direction of EU regulation. If the acquisition goes through, it will be the largest case of cryptocurrency capital entering the traditional sports industry; if obstructed, it still demonstrates that Tether’s massive cash reserves are a potential driving force in the global M&A market.

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Tags: Tether acquisition cryptocurrency stablecoin football