đš Tetherâs $1.1B Juventus Bid REJECTED â Hereâs Why!
Crypto meets football â and not everyoneâs impressed. Tether shocked the sports world with a $1.1 billion bid to acquire Juventus, one of Italyâs most iconic clubs. But the Agnelli familyâs holding company, Exor, slammed the door shut.
Why the rejection?
Legacy & Control: Juventus isnât just a club; itâs a family legacy.
Long-term Strategy: Exor is focused on a careful sporting and financial rebuild.
Regulatory Risks: Linking a top-tier club to crypto could trigger legal hurdles.
What this means: While crypto has already made waves in sports via sponsorships and fan tokens, owning a major club is a different ball game. Tetherâs bold attempt signals cryptoâs growing ambitionsâbut tradition and history still hold the power.
đĄ Future of crypto in football? Likely partnerships or minority stakes first, before a full takeover becomes possible.