Exor N.V. has firmly rejected an acquisition offer from Tether Investments for its 65.4% stake in Juventus Football Club. This decision was made by Exor’s board less than a day after Tether, already a significant shareholder, proposed the purchase. Exor emphasizes its dedication to maintaining ownership and supporting Juventus in their recuperation and growth.
The swift response from Exor was anticipated because the CEO had previously made it clear that the club was not for sale.
Exor’s commitment to Juventus runs deep, rooted in a century-long relationship marked by passion and history. The organization’s leadership is focused on strengthening the club’s future, not diverting ownership to external parties. This commitment is mirrored in the sentiments of Juventus' coach, who expressed his enthusiasm for Exor's decision, indicating that it's now incumbent upon the team and management to work towards achieving better results.
Investors and fans alike should take note of Exor's strong stance and the implications it holds for Juventus’ future direction as it strives to overcome recent financial challenges. The enduring ownership may pave the way for stability and an eventual turnaround, underscoring the importance of unity between the club's management and its stakeholders.