Tether plans to acquire Juventus Football Club, preparing to invest $1 billion to reshape the club.

Jinse Finance reported that stablecoin issuer Tether announced plans to fully acquire the Italian football club Juventus FC. The company has submitted a binding all-cash offer to controlling shareholder Exor to acquire its 65.4% stake, and is prepared to launch a public offer for the remaining shares after the transaction is completed, aiming to increase its holding to 100% ownership. Tether stated that if the deal is successful, it will inject $1 billion into the club. CEO Paolo Ardoino emphasized that, as a lifelong Juventus fan, he hopes to provide the team with long-term and stable capital support through Tether's strong financial strength. After the announcement, Juventus club's fan token JUV surged 30% in a short period.