Juventus value increases after Tether’s €1.1bn buyout offer

Juventus saw their value on the stock market surge on Monday morning as a result of Tether’s €1.1bn offer to take over the club from the Agnelli family.

On Friday evening, Tether announced that they had officially submitted an offer worth around €1.1bn to purchase the 65.4% of the club shares that are currently owned by Exor, the holding company owned and operated by the Agnelli family.

Tether, who already own just over 10% of Juventus themselves, also announced that they intended to make a public offer to purchase the remaining shares in the club at the same price, which would give them full and exclusive control.

The Agnelli family, however, have maintained since Friday evening that Juve is not for sale. “Our Juventus, our history, our values, are not for sale,” said John Elkann in a publicly released video on Saturday.

As a result of the takeover offer, Juventus’s value on the stock market skyrocketed on Monday morning. When the market closed on Friday evening, prior to Tether’s announcement, a single share in the club was worth €2.34, compared to €2.47 on Monday morning. That is an increase of 12.7%.

Tether’s offer was to purchase the remaining Juventus shares at a price of €2.66 per share, which equated to a total cost of around €1.1bn. That was a premium of 20.47% compared to the stocks’ official value before the weekend.