Tether's Juventus Soccer Club Purchase Rejected By Family Who's Owned It For 102 Years: 'Not For Sale' - EXOR (OTC:EXXRF)

Core Viewpoint - The Agnelli family, owners of Juventus Football Club, rejected a $1.17 billion purchase offer from Tether, emphasizing the club's historical and familial significance [2]. Group 1: Ownership and Historical Significance - John Elkann, CEO of Exor NV, stated that Juventus is not for sale, highlighting its 102-year history within the family [2]. - The club has been nurtured by four generations of the Agnelli family, indicating deep-rooted ties and commitment to its legacy [2]. Group 2: Purchase Offer Details - Tether made a binding all-cash proposal to acquire the Agnelli family's 65.4% stake in Juventus, valued at $1.17 billion [2]. - The funding for the offer was intended to come from Tether's own capital [2]. Group 3: Tether's Background - Tether is known for its stablecoin USDT, which has a market capitalization exceeding $186 billion [3]. - Paolo Ardoino, Tether's CEO, expressed a personal connection to Juventus, noting its influence on his childhood [3].