re <<somebody has been drinking the kool-aid>>
... yes.
At the same time Tether putting together the laundry / pilfering machine, buying businesses, on top of mines and gold and BTC. Money from nothing put to work, to own money machines that can be used for whatever and any purpose, that can be used to buy more businesses and in enough amounts astutely placed, control nations. What a wonderful franchise. Watch & briefing.
For fun, clip / copy / paste this completely into search engine,
is tether limited a listed company? who ultimately owns / controls tether limited ?
then clip / copy / paste this completely into search engine,
what is the relationship between tether and cantor fitzgerald ?
in any case, buy buy buy ...
bloomberg.com
Tether’s €1.1 Billion Juventus Play Pits New Money Vs. Old
Tether, best known for its USDT stablecoin, said it would inject another €1 billion to support the development of the club.
Photographer: Lam Yik/Bloomberg
By Daniele Lepido and David Pan
December 13, 2025 at 10:47 PM GMT+8
Updated on
December 14, 2025 at 12:13 AM GMT+8
Takeaways by Bloomberg AI
- Tether Holdings SA has made an all-cash proposal to buy Exor NV's 65.4% holding in Juventus Football Club SpA for €2.66 a share, valuing Juventus at about €1.1 billion.
- Exor has "unanimously rejects" Tether's proposal, with Chief Executive Officer John Elkann stating "Juventus — our history, our values — is not for sale".
- Tether has pledged to inject another €1 billion to support the development of the club and buy out all remaining shareholders at a price "at least equal" to its offer.
Tether Holdings SA’s offer to acquire Juventus Football Club SpApits a fast-growing crypto powerhouse against a more than century-old Italian industrial dynasty.
The crypto firm’s all-cash proposal to buy Exor NV’s 65.4% holding for €2.66 a share values Juventus at about €1.1 billion ($1.3 billion), according to a letter sent to Exor and seen by Bloomberg on Saturday. It represents a roughly 21% premium to Juventus’s closing share price in Milan on Friday.
Tether, best known for its USDT stablecoin, said it would inject another €1 billion to support the development of the club and pledged to buy out all the remaining shareholders at a price “at least equal” to its offer, according to the letter.
Exor, the Agnellis investment vehicle, swiftly rebuffed the approach, signaling it has no intention of selling its stake to Tether or any other party. The board “unanimously rejects” Tether’s proposal, it said in a statement on Saturday.
“Juventus has been part of my family for 102 years,” said Exor Chief Executive Officer John Elkann in a video statement on Saturday. “Over the course of a century, four generations have grown it, strengthened it, cared for it in difficult moments and celebrated it in happy ones.”
“Juventus — our history, our values — is not for sale,” said Elkann, who is the grandson and designated heir of industrialist Gianni Agnelli.
Tether didn’t respond to requests for comment.
The bid is a bold play at a sensitive moment for the Agnellis, who are reshaping their portfolio and weighing disposals, including a potential sale of media group Gedi Gruppo Editoriale SpA. The family has controlled Juventus for over a century.
It comes as Juventus struggles on the pitch and the costs to stay competitive at the top level of European football mount. The Turin-based club, currently seventh in the Serie A league, risks missing out on European competition, threatening crucial broadcast and commercial revenue.
The team has failed to regain the dominance it displayed during its streak of nine consecutive Serie A titles that ended in 2021, when it finished fourth in Italy’s premier football league. It has also experienced setbacks off the field. In 2023, the club was docked 10 points in its Serie A ranking by Italy’s football federation after a probe into how it accounted for player transfers. Its shares have fallen 27% this year.
Tether, now the club’s second-biggest shareholder with an 11.5% stake accumulated since February, is pressing for full ownership.
For its Italian-born Chief Executive Officer Paolo Ardoino, the bid is personal.
“For me, Juventus has always been part of my life,” Ardoino said in a statement. “I grew up with this team.”
But relations between the shareholders have been strained. Communication has been “very, very limited,” he said in an interview in June.
The contrast between the two parties could hardly be starker. Through Exor — one of Europe’s largest holding companies, with a net asset value of €36.4 billion — the Agnellis preside over marquee assets, including Ferrari NV, Stellantis NV and luxury brand Christian Louboutin.
Juventus, while iconic, represents only a sliver of Exor’s value.
Tether, in contrast, is emblematic of new money. Founded in 2014, it operated for years with no public offices before setting up official headquarters in El Salvador in January. The company has no independent board, nor does it reveal much about its structure.
At the same time, it has become one of the crypto industry’s most profitable enterprises.
USDT is the world’s most widely used stablecoin, supported by a $181 billion asset portfolio that includes $135 billion in US Treasuries, according to an attestation report on its website. Profit exceeded $10 billion in the first nine months of 2025, according to the report.
The firm is accelerating investments across sectors, from artificial intelligence to agriculture, as it seeks to diversify beyond digital assets.
For the Agnellis, Juventus is less a financial asset than a symbol, a club woven into the family’s identity for more than a century.
Tether is making a value-driven case with immediate capital on the table, while Exor is signaling that tradition outweighs any premium. |
