Key takeaways
- Exor NV has rejected Tether Investments’ offer to acquire its shares in Juventus Football Club.
- Exor and the Agnelli family confirm their commitment to retain ownership and support of Juventus.
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Juventus owner Exor NV has rejected Tether’s offer to acquire its full 65.4% controlling stake in the football club, an official said. statement on saturday.
The decision, made unanimously by Exor’s board of directors, came less than 24 hours after the cryptocurrency giant submitted its offer.
The company stated that it does not intend to sell its shares in Juventus to a third party, stressing that it is committed to retaining ownership and supporting Juventus management in achieving strong results.
Tether, the second-largest shareholder which has secured a new seat on the board, was determined to revitalize Juventus, which has struggled financially in recent years.
There is no surprise that Juventus would reject such an offer. Exor CEO John Elkann said months ago that the club was not for sale. The owner reportedly did not wait long to signal his resistance He pushed the proposal back Just hours after it was published.
“Juve has been part of my family for 102 years. It is part of the true meaning of the word, because over the course of a century, four generations have grown it, made it strong, welcomed it in difficult times, and celebrated it in many happy moments.” repeat Exor’s position in Saturday’s video address.
“This passion and this love story have united us for more than a century,” he said. “As a family, we continue to support our team and look to the future to build a winning Juventus. Juventus, our history and our values are not for sale.”
Juventus coach Luciano Spalletti welcomed Exor’s decision to retain control of Juventus. Spalletti said this put the responsibility back on the football team to achieve results.
