$JUV
➡️Tether's $1 Billion Acquisition Proposal
The Proposal: Tether, the issuer of the world's largest stablecoin (USDT), has reportedly submitted a binding, all-cash offer to acquire a controlling stake (65.4%) in the Juventus Football Club from the Agnelli family's holding company, Exor.
➡️Massive Investment: Beyond the acquisition, Tether plans to invest up to €1 billion (approx. $1.08 billion) into the club for long-term growth, including infrastructure and team development, if the deal is completed.
➡️Market Reaction: Following the announcement, the Juventus Fan Token ($JUV) price surged by up to 30%, reflecting strong investor interest and optimism about the club's new financial backing and the potential for deeper crypto integration.
Note: Reports suggest the Agnelli family, which has controlled the club for over a century, is currently resisting the sale of its majority stake. The deal is also subject to regulatory approval.
