Newscasts - Juventus shares jump after owners reject crypto giant Tether's bid

Juventus FC SpA

15/12/2025 12:32

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Source: 'Reuters - Business videos'

Description: Shares in Juventus surged more than 14% on Monday, after Italy's Agnelli family on Saturday rejected crypto group Tether's surprise offer that valued the Serie A soccer club at just over 1 billion euros ($1.2 billion). Francis Maguire reports.

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Video Transcript:

Shares in Juventus soccer club surged more than 12% early Monday. Investors bought up the Italian side's stock after its current owners rejected crypto group Tether's surprise offer over the weekend. The bid valued the country's most successful soccer club at just over $1.2 billion. The Agnelli family's holding company Exor said it had no intention of selling any of its shares in the Turin-based Serie A club. Tether is headquartered in El Salvador and run by Italian Paolo Ardoino, who is a Juventus supporter. The crypto giant said on Friday it had submitted an all-cash proposal to buy Exor's stake in the club. Tether is the issuer of a US Dollar‑referenced stablecoin called USDT. It's already built a stake of more than a tenth in Juventus this year to become its second‑largest shareholder. Exor is the largest shareholder in automaker Stellantis which controls sports carmaker Ferrari. It has recently been streamlining its Italian portfolio. Juventus has won the Italian championship 36 times more than any other team. But the club has struggled since the ninth consecutive title five years ago and currently sits seventh in the Italian league.