Juventus Rejects Tether (USDT) Acquisition, Confirms Will Not Sell Shares!

Shocking news has come from the world of European football and the global crypto industry. The stablecoin giantTether (USDT)reportedly failed to acquire the legendary Italian football club,Juventus. 

Tether's acquisition offer was firmly rejected byExor, the majority shareholder of Juventus, who confirmed his commitment to maintaining control of the club nicknamed the Old Lady.

This rejection also ends speculation about a major crypto company entering into ownership of one of the world's most historic football clubs.

Tether's Plan to Acquire Juventus

The world's largest stablecoin issuer, Tether (USDT), previously publicly expressed interest in buying Juventus shares.

In fact, this company is reportedly ready to disburse additional investment of up to US$1 billion as part of his long-term plan.

However, this move did not receive a positive response from Juventus.Exor Board of Directors, the parent company that has long been the club's majority shareholder, unanimously rejected Tether's binding cash offer.

According to Exor, the offer is of unsolicited and is not in line with their long-term vision for Juventus.

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Juventus Rejects Tether (USDT) Acquisition

In its official statement, Exor confirmed that they had no intention of selling Juventus shares to any third party, including Tether.

This attitude shows that Exor still views Juventus as a strategic asset, not just a financial investment.

Exor described Juventus as a historic and accomplished club. They have been a stable and consistent shareholder for over a century, a rare relationship in modern football.

In addition to rejecting the acquisition, Exor also reiterated its support for Juventus' new management team. Their current focus is on implementing a clear strategy to strengthen the club's performance, both on the pitch and in business.

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Tether's Ambitions in the World of Football

Tether's interest in Juventus is not without reason. In a previous statement, Tether admitted to having deep admiration for Juventus as one of the global football icons.

The company sees a huge opportunity to combine major sports brands with digital financial innovation.

The entry of crypto companies into the world of sports is nothing new. Several football clubs have already partnered with blockchain projects, whether through sponsorships, fan tokens, or NFTs.

However, effortful acquisition by a crypto company as big as Tether is clearly a much more aggressive move.

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Reasons Why Juventus Rejects Tether's Offer

There are several factors that are thought to be strong reasons behind Juventus and Exor's decision to reject this acquisition.

1. Club Control and Identity

Juventus is not just a business entity, but a symbol of Italian sporting history and identity. Handing over control to an outside party, especially in a relatively new industry like crypto, could pose reputational risks.

2. Ownership Stability

Exor is known as a stable and long-term owner. Even a substantial offer wouldn't be enough to shift that commitment.

3. Crypto Industry Risks

Although Tether is the largest stablecoin issuer, the crypto industry still faces volatility and regulatory challenges. This could be a significant consideration for a club as large as Juventus.

Juventus' rejection of the Tether acquisition is an important signal for the relationship between crypto industry and professional football. 

Not all major clubs are open to a takeover by a digital asset company, despite the huge investment value.

On the other hand, this rejection doesn't necessarily stop crypto's expansion into the world of sports. Other partnership models, such as sponsorships, payment technology, or digital products, are likely to continue to develop.

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Conclusion

Juventus' decision to reject the acquisition of Tether (USDT) confirms that the club's historical value, identity, and ownership stability remain top priorities.

Exor has clearly stated its commitment to maintaining control of Juventus and supporting the club's long-term strategy without outside interference.

For Tether, this failure may be a lesson that expansion into the sports sector, particularly through the acquisition of major clubs, is not always smooth sailing.

Meanwhile, for the world of football, this decision shows that not all doors are open to big capital, especially when it comes to the future of legendary clubs.

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FAQ

Is it true that Tether wants to buy Juventus?

Yes, Tether has publicly expressed interest in buying Juventus shares and plans to invest a large amount.

Why did Juventus reject the Tether acquisition?

Because Exor, the majority shareholder, has no intention of selling its shares and remains committed to the club for the long term.

Who is Exor?

Exor is an investment company that has been a major shareholder of Juventus for more than a century.

Does this mean crypto is being rejected in the world of football?

Not entirely. Many clubs are still open to crypto partnerships, but full-fledged acquisitions are a different matter.

Will Tether try to buy other clubs?

There is no official information yet, but the opportunity to expand into the world of sports remains open for large crypto companies.