Tether plans to acquire Juventus Football Club and invest $1 billion to revitalize the club.

Stablecoin issuer Tether announced plans to acquire Italian football club Juventus FC in its entirety. The company has submitted an all-cash binding offer to controlling shareholder Exor for 65.4% of the club's shares and plans to launch a public tender offer for the remaining shares after the transaction is completed, aiming to increase its stake to 100%. Tether stated that if the deal goes through, it will inject $1 billion into the club. CEO Paolo Ardoino emphasized that as a lifelong Juventus fan, he hopes to leverage Tether's strong financial resources to provide long-term, stable capital support for the team. Following the announcement, Juventus' fan token, JUV, briefly surged by 30%.