Turin, 12 December (LaPresse) – Tether announced that it has ‘submitted a binding all-cash proposal to Exor for the acquisition of its entire stake in Juventus Football Club.’ ‘Subject to regulatory approvals,’ a statement said, ‘Tether intends to launch a public offer for the remaining shares at the same price, fully funded with its own capital and backed by a long-term commitment to the club.’ ‘This proposal,’ it is emphasised, ‘reflects the belief that Juventus is more than just a football club. For generations, Juventus has been synonymous with discipline, ambition and the quiet strength of those who rebuild and move forward, season after season. It is a club that has shaped Italian sporting identity and earned the loyalty of fans around the world.’ ‘For me, Juventus has always been a part of my life,’ said Paolo Ardoino, CEO of Tether. "I grew up with this team. As a boy, I learned what commitment, resilience and responsibility meant by watching Juventus face success and adversity with dignity. These lessons stayed with me long after the final whistle. Our interest in Juventus stems from deep admiration and respect. Juventus is a symbol of Italian excellence with a truly global presence, built over generations through hard work, ambition and the unwavering loyalty of its fans. These values mirror the way we have built Tether, with patience, independence and a focus on long-term resilience." Tether, he continues, "enjoys solid financial strength and intends to support Juventus with stable capital and a long-term time horizon. Our goal is to contribute positively to the club's future, support sporting performance at the highest level and help Juventus continue to grow sustainably in a rapidly evolving global sports and media landscape. This proposal is made with humility and a deep sense of responsibility towards the club, its fans and its tradition. We believe that Juventus' history is still to be written and that its next chapters can be defined by strength, continuity and ambition.‘ The proposal, the statement emphasises, ’involves the acquisition of Exor's stake, equal to 65.4% of the share capital issued by Juventus. The completion of the transaction will be subject to acceptance by Exor, the signing of the final documentation and the obtaining of the necessary regulatory approvals. Following completion, Tether intends to proceed with a public tender offer for the remaining shares at the same price per share. If the transaction is completed, Tether is ready to invest €1 billion in the support and development of the Club."
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