Crypto Briefing reported that Exor N.V., the main owner of Juventus, rejected Tether's offer to buy its controlling stake of 65.4% in the club, according to an official statement released on Saturday.
The decision made unanimously by Exor's board came less than 24 hours after #Tether the cryptocurrency giant submitted its offer, and the company confirmed that it has no intention of selling its shares in Juventus to a third party, reiterating its commitment to retaining ownership of the club and supporting its management in achieving strong results.
According to the site, Juventus's rejection of this offer was not surprising, as Exor CEO John Elkann stated months ago that the club is not for sale, and the owner did not wait long to signal his rejection, as the supposed offer was turned down just hours after it was announced.
Elkann emphasized the deep family bond with the club in a video speech on Saturday, saying: "Juventus has been a part of my family for 102 years, it is part of the true meaning of the word, because over a century, four generations have nurtured it and made it strong, embraced it in tough times, and celebrated it in many happy moments," he added: "This passion, this love story has united us for more than a century as a family, we continue to support our team and look to the future to build a winning Juventus. Juventus, our history, and our values are not for sale."