Juventus Owners Reject $1.2B Crypto Buyout Offer

Juventus' owners have publicly rejected a buyout offer from the cryptocurrency firm Tether, worth approximately $1.2 billion. John Elkann, the chief executive of Exor, the holding company for 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 club's long-standing legacy, having been part of his family for 102 years, and expressed commitment to building a winning future for Juventus. The rejection comes amid Juventus' struggles, having not won Serie A since 2020, and follows the hiring of Luciano Spalletti as head coach after a difficult start to the season.

Spalletti praised the Agnelli family's passion for the club and committed to honoring its past while striving for a successful future. Exor reiterated its stance, stating it has no intention of selling shares to a third party, including Tether.

The rejection of this significant crypto buyout offer highlights the ongoing dynamics between traditional sports organizations and the evolving cryptocurrency landscape, as many top Italian clubs are now owned by foreign investment firms, contrasting with Juventus and Napoli, which remain Italian-owned.