Tether Bids on Juventus, Agnellis Said to Oppose (1)

Tether Holdings SAhas submitted a binding all-cash proposal to acquire the remaining stake in the Italian football club Juventus Football Club SpA, taking full ownership after the El Salvador-based crypto firm invested in the team earlier this year.

The Agnelli family, which holds a majority stake in the Turin-based club, isn’t planning to sell, according to people familiar with the matter.

Exor NV, the family’s holding company, won’t diminish its stake in Juventus to Tether or any other party because it is not for sale, the people said, asking not to be identified because the matter is confidential. ...