Juventus Owners Reject $1.2B Offer from Cryptocurrency Firm

Juventus' owners have publicly rejected a buyout offer from cryptocurrency firm Tether, valued at approximately one billion dollars, or nearly one point two billion dollars. John Elkann, the chief executive of Exor, the holding company of the Agnelli family, stated, 'Juventus, our history and our values are not for sale,' in a video message posted on the club's website.

Elkann emphasized the family's long-standing connection to Juventus, noting, 'Juve has been part of my family for 102 years.' He further remarked that four generations of the Agnelli family have nurtured the club through its challenges and triumphs.

Elkann reiterated the family's commitment to supporting the team and building a winning future. Luciano Spalletti, the recently appointed head coach, expressed appreciation for the owners' dedication, saying it is their responsibility to honor the club's legacy and strive for future success.

The Agnelli family's decision comes amid a backdrop of challenges for Juventus, who have not secured a Serie A title since 2020 and have undergone recent management changes following a tumultuous year that saw the resignation of former president Andrea Agnelli and the entire board amid a false accounting inquiry.

Exor firmly stated that it has no intention of selling any shares in Juventus to a third party, including Tether. The statement underscored that Juventus is a storied club, with Exor and the Agnelli family committed shareholders for over a century, focused on supporting its management in achieving strong results both on and off the field.