Juventus shares jump 9.3% after tether offer rejected

Shares of Juventus Football Club are marking one of the stock’s strongest intraday performances this year, surging after a cash takeover offer from Tether was rejected.

As of 9:01 a.m. local time, Juventus shares were up 9.3%.

Tether, best known as the issuer of the USDT stablecoin — one of the world’s largest and most widely used crypto stablecoins — made a binding all‑cash offer of €2.66 per share, valuing Juventus at approximately €1.1 billion.

The proposal was part of a broader strategic push by Tether, which has already built a minority stake of over 10% in Juventus and has signalled ambitions to expand its footprint beyond digital assets into mainstream global brands. If the deal had succeeded, Tether also pledged to invest up to an additional €1 billion into the club’s development.

However, Exor, the controlling shareholder of Juventus, rejected the bid, maintaining that the club is not for sale. The market reacted positively to the rejection, interpreting Exor’s stance as a signal of confidence in Juventus’ long‑term prospects, fuelling the sharp rise in the club’s share price.

Tether’s offer represented a high‑profile intersection between the world of cryptocurrency finance and elite European sports, highlighting the expanding ambitions of digital‑asset firms in traditional business sectors.