Tether has submitted a binding all cash proposal to Exor to acquire its entire stake in Juventus Football Club. Subject to regulatory approvals, Tether intends to make a public offer for the remaining shares at the same price, fully funded with its own capital and supported by a long term commitment to the club.
Tether already have around 10% of Juventus shares, and they are trying to lure by giving an all cash offer close to €1.1b.
I'm hearing that this public bid of Tether has already been rejected by Exor.
Thank God Juventus is saved from becoming a shitcoin Football Club.
FYI, it's been my favourite Italian club since childhood.