THE FUSE

Tether’s interest in Juventus has been building steadily. The company first acquired a minority stake in the Turin club in February 2025 and increased its position again in April. By that point, it held 10.12 per cent of Juventus’ shares and more than 6.18 per cent of voting rights. Its growing influence became more tangible in November, when Paolo Garino, a nominee of Tether, was appointed to the Juventus board at the club’s annual general meeting. That move was widely interpreted as a signal of longer-term ambitions. Now those ambitions have been laid bare. In a statement released on Friday evening, Tether confirmed it had submitted an all-cash, binding proposal to Exor to acquire its entire holding in Juventus, fully funded by its own capital.