Juventus 'not for sale' say Agnellis, rejecting crypto giant Tether's bid

Juventus Not For Sale Agnellis Reject Crypto Giant Tether's Shock Bid

The Agnelli family, owners of Juventus Football Club, have firmly rejected an unexpected offer from crypto giant Tether to acquire the team. This decision marks a significant rebuff to the growing influence of cryptocurrencies in the sports world.

Agnellis Stand Firm

In a rare video address posted on the club's website, Exor CEO John Elkann delivered a clear message Juventus, our history and our values are not for sale. The statement was met with widespread approval from Juventus fans around the globe.

Tether, headquartered in El Salvador, had made an all-cash offer of 2.66 euros per share, valuing the club at approximately 1 billion euros ($1.17 billion). However, the Agnelli family remains committed to maintaining their control and ownership of the team.

Reasons Behind the Decision

Several factors likely contributed to the decision to reject Tether's offer. Firstly, the Agnelli family has a rich history with Juventus, dating back to 1923 when Edoardo Agnelli became chairman. The family has invested significantly in the club, pouring around 1 billion euros of fresh capital into Juventus over the past seven years.

Secondly, the rejection may be seen as a statement against the growing influence of cryptocurrencies in the sports world. While Tether's offer was all-cash, it is likely that the Agnelli family does not want to compromise their control and ownership of the club by accepting an offer from a company with a reputation for controversy.

Impact on Juventus

The rejection of Tether's offer may have significant implications for Juventus. The club has struggled in recent years, winning only one Serie A title since 2020. Its shares are down 27 percent so far this year, and the team is currently sitting in seventh place in the league table.

However, the Agnelli family's commitment to maintaining their ownership and control of the club may be seen as a positive step for Juventus' future. The family has invested heavily in the club, and their rejection of Tether's offer suggests that they are committed to the team's long-term success or failure.

Conclusion

In conclusion, the rejection of Tether's offer by the Agnelli family is a significant development in the world of football. While it may have implications for Juventus' future, the decision to maintain ownership and control of the club suggests that the family is committed to its long-term success.

For e-commerce entrepreneurs, this development highlights the importance of maintaining control and ownership of their online businesses. In an increasingly competitive market, it is essential to ensure that your business remains in your hands, rather than being sold to a third party.

As the cryptocurrency and e-commerce industries continue to evolve, we can expect to see even more significant developments in the years ahead. It is crucial for entrepreneurs to remain adaptable and committed to their businesses in order to stay ahead of the curve.

Edward Lance Arellano Lorilla

CEO / Co-Founder

Enjoy the little things in life. For one day, you may look back and realize they were the big things. Many of life's failures are people who did not realize how close they were to success when they gave up.