Tether wants to fully acquire 'Juventus'.
The issuer of USDT also plans to invest 1 billion euros in the club.
For Paolo Ardoino, this step is related to a childhood dream.
The issuer of the USDT stablecoin — Tether — has submitted a mandatory cash offer to the Exor holding for the buyout of its entire stake in the football club 'Juventus'.
In case of receiving regulatory approvals, Tether plans to announce a public offer for minority shareholders at the same price after the completion of the deal, fully financing it with its own capital and declaring long-term support for the club.
The offer involves the acquisition of 65.4% of the charter capital of 'Juventus', which currently belongs to Exor. The completion of the deal depends on the acceptance of Exor's offer, signing of the final documentation, and obtaining the necessary regulatory permits.
In case of a successful transaction closure, Tether stated its readiness to invest 1 billion euros in the development and support of the club.
Tether's CEO Paolo Ardoino emphasized the personal connection to the club and the motivations for the investment: $JUV
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