Stablecoin issuing company Tether has made headlines with its latest move. The stablecoin issuing company announced it has submitted a proposal to acquire Exor’Stablecoin issuing company Tether has made headlines with its latest move. The stablecoin issuing company announced it has submitted a proposal to acquire Exor’

Tether Wants to Acquire Football Club Giant Juventus

2025/12/13 16:13
2 min read
For feedback or concerns regarding this content, please contact us at [email protected]

Stablecoin issuing company Tether has made headlines with its latest move. The stablecoin issuing company announced it has submitted a proposal to acquire Exor’s entire stake in the football club giant Juventus. Enxor currently holds 65.4% of the Italian professional football club.

The company noted that if the deal pulls through and receives all necessary regulatory approvals, Tether will launch a public offer to buy the remaining shares at the same price.

Strong Financial Position Behind Tether’s Bid

Tether disclosed that the proposal reflects a long-term commitment to the football club. The company spoke highly of the club. The firm stated that Juventus represents more than a club.

Commenting on the latest announcement, Tether’s CEO Paolo Ardoino said:

He described Juventus as a symbol of Italian excellence with an international fan base built over decades. According to Ardoino, this strength mirrors Tether’s own approach. The Tether executive further revealed that the firm is in a strong financial place and plans to support the club with steady capital only if the acquisition is complete.

Tether Prepares $1.174B Investment for Juventus

As part of the proposal, Tether plans to invest roughly €1 billion (over $1.174 billion) in the Italian club to support its long-term development. The firm believes the football industry is entering an era influenced by technology, international investment, and global media.

As such, Tether plans to help Juventus remain competitive and sound while growing sustainably.

Juventus football is one of the biggest clubs in Italy. Prominent football stars like Cristiano Ronaldo, who joined the team in 2018 €100 million (roughly $1.174 million). The transfer at the time was the highest ever for a player over 30 years.

The team has played top-tier clubs such as AC Milan, Inter Milan, Real Madrid, Sporting, Barcelona, and Borussia Dortmund. The club has also played with Premier League teams like Chelsea and Liverpool.

The post Tether Wants to Acquire Football Club Giant Juventus appeared first on CoinTab News.

Market Opportunity
Pixel Canvas Logo
Pixel Canvas Price(CLUB)
$0.008381
$0.008381$0.008381
+19.93%
USD
Pixel Canvas (CLUB) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

BlackRock boosts AI and US equity exposure in $185 billion models

BlackRock boosts AI and US equity exposure in $185 billion models

The post BlackRock boosts AI and US equity exposure in $185 billion models appeared on BitcoinEthereumNews.com. BlackRock is steering $185 billion worth of model portfolios deeper into US stocks and artificial intelligence. The decision came this week as the asset manager adjusted its entire model suite, increasing its equity allocation and dumping exposure to international developed markets. The firm now sits 2% overweight on stocks, after money moved between several of its biggest exchange-traded funds. This wasn’t a slow shuffle. Billions flowed across multiple ETFs on Tuesday as BlackRock executed the realignment. The iShares S&P 100 ETF (OEF) alone brought in $3.4 billion, the largest single-day haul in its history. The iShares Core S&P 500 ETF (IVV) collected $2.3 billion, while the iShares US Equity Factor Rotation Active ETF (DYNF) added nearly $2 billion. The rebalancing triggered swift inflows and outflows that realigned investor exposure on the back of performance data and macroeconomic outlooks. BlackRock raises equities on strong US earnings The model updates come as BlackRock backs the rally in American stocks, fueled by strong earnings and optimism around rate cuts. In an investment letter obtained by Bloomberg, the firm said US companies have delivered 11% earnings growth since the third quarter of 2024. Meanwhile, earnings across other developed markets barely touched 2%. That gap helped push the decision to drop international holdings in favor of American ones. Michael Gates, lead portfolio manager for BlackRock’s Target Allocation ETF model portfolio suite, said the US market is the only one showing consistency in sales growth, profit delivery, and revisions in analyst forecasts. “The US equity market continues to stand alone in terms of earnings delivery, sales growth and sustainable trends in analyst estimates and revisions,” Michael wrote. He added that non-US developed markets lagged far behind, especially when it came to sales. This week’s changes reflect that position. The move was made ahead of the Federal…
Share
BitcoinEthereumNews2025/09/18 01:44
Dogecoin Price Could See A Major Spike To $10 If This Trend Repeats

Dogecoin Price Could See A Major Spike To $10 If This Trend Repeats

The Dogecoin price may be on the verge of its most historic rally yet, as a crypto market analyst has boldly forecasted an explosive rally to $10. Pointing to historical
Share
Bitcoinist2026/03/07 05:30
‘Obscene’: Grammarly’s New AI Tool Offers Writing Feedback From Dead Scholars

‘Obscene’: Grammarly’s New AI Tool Offers Writing Feedback From Dead Scholars

The post ‘Obscene’: Grammarly’s New AI Tool Offers Writing Feedback From Dead Scholars appeared on BitcoinEthereumNews.com. In brief Grammarly’s “Expert Review”
Share
BitcoinEthereumNews2026/03/07 05:31