Juventus Token Tumbles as Tether’s Billion-Euro Wooing Gets the Cold Shoulder!

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Well, I say, old bean, the financial world’s been in a bit of a tizzy, what? 🤑 Markets, don’t you know, have been doing the fandango, and here’s the lowdown, dashed with a spot of Wodehousian wit.

What ho, here’s the scoop:

  • Juventus’ fan token (JUV) took a header, plunging over 13% after Tether’s €1.1 billion courtship was given the old heave-ho. ⚽💔
  • Tether’s offer, a 21% premium, was quite the bold dash into the sports arena, backed by crypto clout. 🤑✨
  • Meanwhile, Juventus shares did a jolly jig, rising 14%, though the club’s coffers remain in a bit of a pickle. 📈🥴

So, old sport, Juventus’ fan token (JUV) took a bit of a tumble, sliding more than 13% from its Sunday peak after Tether’s €1.1 billion ($1.3 billion) takeover bid was given the cold shoulder. Rather like being left at the altar, what? 💍❌

JUV had been on a bit of a spree, climbing to over $0.85, its highest since early November, around 21:00 UTC on Sunday. But, alas, it then took a nosedive, falling below $0.74 by Monday morning, according to CoinGecko. Quite the rollercoaster, eh? 🎢😱

Now, contrast this with the jolly rally in Juventus Football Club’s shares, which leapt just over 14% to 2.50 euros on Monday, following the news of Tether’s all-cash proposal and its rejection by Exor. Shares up, token down-life’s a funny old game, isn’t it? 🤷♂️

Tether’s proposal, a 21% premium valuing Juventus at €1.1 billion, marks one of the most audacious crypto-backed moves into professional sports to date. Tether, the chaps behind USDT, the world’s largest stablecoin, clearly fancied a spot of footballing glory. 🏆💰

Speaking of crypto and sports, crypto exchanges have splashed out $568 million on sponsorships for the 2024-2025 season, a 20% increase year-on-year, according to SportQuake. Soccer’s still the belle of the ball, nabbing nearly 60% of the new sponsorships. ⚽💸

Tether, already Juventus’ second-largest shareholder with an 11.53% stake, made its all-cash offer on Friday, bidding 2.66 euros a share for Exor’s 65.4% holding. But Exor, the Agnelli family’s holding company (think Fiat cars, old boy), was having none of it. They released a statement on Saturday, saying they’ve “no intention of selling any shares to a third party, including but not restricted to El Salvador-based Tether.” Rather firm, what? 🗣️✋

So there you have it, old bean. A tale of tokens, takeovers, and a spot of financial fandango. Now, if you’ll excuse me, I’m off to pour myself a stiff drink and ponder the whims of the market. Cheers! 🥃🤪

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2025-12-15 17:45