ROME: Cryptocurrency firm Tether said Friday it submitted a bid to Juventus’s main shareholder, Exor, to acquire its entire stake in the Turin football club — but was quickly rebuffed.
“Juventus is not for sale,” said a source close to Exor, the holding company of the Agnelli family.
Tether, which already has an 11.5-percent stake in Juventus, said in a statement it “has submitted a binding all cash proposal to Exor to acquire its entire stake.”
Exor has controlled Juventus since 1923, and currently has a 65.4 percent stake in the club.
According to wire service ANSA, Tether offered 2.66 euros a share, valuing the company at 1.1 billion . Juventus shares closed at 2.19 euros Friday on the Milan stock market.
Amid rumors of a possible Saudi investment, Exor had earlier Friday insisted it had no intention of selling its shares.
And the source close to Exor stressed to AFP on Friday night that this remained the case, whether to Tether or anyone else.
Tether controls USDT, a popular stablecoin — a cryptocurrency designed to hold a steady value by being pegged to traditional assets.
In the statement, its chief executive, Paolo Ardoino, said that if the deal was accepted, his company intended to invest one billion euros in the development of the club.
“Tether is in a position of strong financial health and intends to support Juventus with stable capital and a long horizon,” he said.
Crypto firm Tether bids for Juventus, is quickly rebuffed
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Crypto firm Tether bids for Juventus, is quickly rebuffed
UAE dethrone Algeria as Jordan edge Iraq to reach Arab Cup semi-finals
- Jordan repeat Asian Cup triumph over Iraq with a 1-0 victory, Ali Olwan scoring from the spot for the 4th time in 4 consecutive matches
- UAE end Algeria’s reign as Arab Cup champions with a 7-6 penalty-shootout win after the game ends 1-1
DOHA: The UAE and Jordan booked their places in the Arab Cup semi-finals on a dramatic day of quarter-final action in which the defending champions were eliminated and a regional rivalry was renewed.
Jordan repeated their Asian Cup triumph over Iraq with another narrow victory, as Ali Olwan extended his remarkable streak of scoring from the spot to four consecutive matches.
His first-half penalty was the only goal in a cagey encounter with few clear-cut chances for either side. Jordan dominated early on but were dealt a blow when star forward Yazan Al-Naimat was forced off with a knee injury.
Iraq improved after the break, with the talismanic Ali Jasim injecting a sense of urgency and twice drawing smart saves from Yazeed Abulaila, first with a fierce long-range strike and then a driven effort moments later.
Jordan nearly sealed the victory with a second goal late on when Mohannad Abu Taha, who scored with a spectacular long-range strike earlier in the tournament, hammered another powerful attempt just wide.
Nevertheless, the Jordanians held firm to set up a semi-final clash with Saudi Arabia on Monday.
The second quarter-final delivered even more drama, as the UAE ended Algeria’s reign as Arab Cup champions with a sudden-death, penalty-shootout win.
Algeria dominated the opening half and twice found the net, only for both goals to be ruled out. They finally made their pressure count just 50 seconds after the restart, when Adil Boulbina fired home after Yacine Brahimi’s strike was parried into his path.
The UAE had struggled to gain a foothold in the game but hit back through Bruno, who converted a pinpoint, inswinging cross from Yahya Al-Ghassani midway through the second half.
As Algeria pressed for a winner they were nearly punished at the end of regulation time when Lucas Pimenta’s fine header forced a sharp save from Farid Chaal.
Extra time offered chances for Brahimi and substitute Zakaria Draoui to put Algeria ahead again, but the breakthrough never came.
And so to the shootout, in which the UAE goalkeeper, Hamad Almeqbaali, denied Mohammed Khacef before Richard Akonnor coolly dispatched the decisive kick to make it 7-6 on penalties and set up a semi-final clash with Morocco, also on Monday.
