Tether, one of the world's largest cryptocurrency companies and issuer of the USDT stablecoin, recently attracted attention by announcing its intention to acquire the prestigious Italian football club Juventus. This move quickly garnered interest from both the traditional financial world and the crypto community, as it could become the most iconic acquisition in Tether's history.
Chia his thoughts on the decision, Tether CEO Paolo Ardoino said that Juventus is not just a football team, but also deeply intertwined with his memories and upbringing. Ardoino stated that he grew up with Juventus and, from a young age, learned values such as commitment, perseverance, and responsibility through the way the team faced both success and failure with such resilience. He believes these are also the philosophies that Tether pursues in building and expanding its global operations.
Earlier in February, Tether quietly acquired a minority stake in Juventus, XEM as a preliminary step before pursuing larger ambitions. Juventus is currently one of the most traditional and valuable clubs in Europe, with a global network of partners including big names like Adidas in sportswear, Jeep in the automotive industry, and the insurance group Allianz. These commercial relationships help Juventus maintain its leading position despite periods of financial difficulties and poor performance in recent years.
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According to published information, Tether has officially submitted an offer to acquire Exor's entire stake in Juventus, subject to approval by relevant regulatory authorities. Exor is a publicly listed holding company owned by the Agnelli family, the clan behind the Fiat automotive empire and also the long-time controlling owner of Juventus. If the deal is completed, this would be the first time a cryptocurrency company has taken control of a top European football club.
