Tether Limited, the company that issues the cryptocurrency Tether, already holds a minority stake in Juventus, which has been listed on the stock exchange since 2001.
According to the Financial Times, Tether will offer 2.66 euros per share compared to the closing price of 2.19 euros, which implies a valuation of 1.1 billion euros.
The majority owner of Juventus is the holding company Exor, which is controlled by the Agnelli family, one of Italy's most influential families and known for founding the car company Fiat.
However, people close to Exor state, according to the Financial Times, that the club "is not for sale, neither to Tether nor any other company."
Juventus is one of Italy's most successful football clubs of all time, but they have not won Serie A since 2020 and have fallen behind rivals Inter and Napoli. They currently sit seventh in the table, 8 points behind Milan and Napoli.
