Exor, the holding company of the Agnelli family, has officially rejected the acquisition proposal submitted by Tether Investments for the purchase of Juventus Football Club. The decision was confirmed in an official statement released by Exor, which made clear its unanimous position against the offer.
Following Tether’s formal bid to acquire the Bianconeri, the Board of Directors of Exor promptly issued its response:
“Exor N.V. (‘Exor’ or the ‘Company’) announces that its Board of Directors has unanimously rejected an unsolicited proposal submitted by Tether Investments, S.A. de C.V. (‘Tether’) for the acquisition of all shares in Juventus Football Club S.p.A. (‘Juventus’ or the ‘Club’) owned by Exor.”
The announcement underscores both financial and emotional reasons behind the decision. Beyond the economic considerations, Exor’s position, shaped by John Elkann’s leadership, reflects the family’s deep-rooted connection to Juventus — a relationship that has lasted for more than a century.
The Official Exor Statement
In the official release, Exor reiterated its complete commitment to Juventus and its future:
“Exor N.V. (‘Exor’ or the ‘Company’) announces that its Board of Directors has unanimously rejected an unsolicited proposal submitted by Tether Investments, S.A. de C.V. (‘Tether’) for the acquisition of all shares in Juventus Football Club S.p.A. (‘Juventus’ or the ‘Club’) owned by Exor.
“Exor reaffirms its previous and consistent statements that it has no intention of selling any of its Juventus shares to third parties, including, but not limited to, Tether, based in El Salvador.
“Juventus is a historic and successful club, of which Exor and the Agnelli family have been stable and proud shareholders for over a century. They remain fully committed to the Club, supporting its new management team in implementing a clear strategy aimed at achieving excellent results both on and off the pitch.”
