Exor rejects the bid and says Juventus is not for sale under any terms

Tether’s attempt to take full control of Juventus lands as one of the most senseless decisions in the history of soccer, because why are these guys trying to buy a team that the Agnelli family has held for more than a century? Tether puts out an all-cash proposal to buy Exor’s 65.4% stake for €2.66 per share, valuing the club at around €1.1 billion. The offer gives Juventus a 21% premium over its Friday close in Milan. Tether also says it will add €1 billion for club development and promises to buy all remaining shares at a price “at least equal” to its initial offer. Exor rejected the proposal right away. Exor says the board “unanimously rejects” the bid. John Elkann, the company’s Chief Executive Officer, says, “Juventus has been part of my family for 102 years,” and adds that four generations “have grown it, strengthened it, cared for it...

https://www.cryptopolitan.com/tether-desire-to-own-juventus-makes-no-sense/