Tether submits all-cash bid for Exor’s Juventus stake and plans €1 billion club investment

On Friday, stablecoin issuer Tether said it has lodged an all-cash proposal to buy Exor’s entire stake in Italian football club Juventus, after purchasing a minority interest in the team in February. If the deal is completed, the company plans to commit 1 billion Euros to support and develop the club while it explores a share sale targeting up to $20 billion at a roughly $500 billion valuation.