Juventus have rejected another huge attempted takeover bid, this time from Saudi Arabia.
Juventus Owners Rebuff Saudi Offer
As reported by FootItalia, majority owners Exor, the Agnelli family’s holding company, rebuffed a €1billion approach from cryptocurrency giant Tether.
Earlier this month, the group submitted an all-cash proposal to snap up Exor’s controlling stake, which stands at a little over 65 per cent. They also intended to launch a bid for the remaining shares at the same price.
Tether have taken incremental steps to tighten their hold on the Turin side, having acquired an initial 8.2 per cent in February 2025 before then increasing it to 10.7 per cent in June.
But John Elkann, Exor’s chief executive, has categorically ruled out a change of ownership, reaffirming the Agnelli family’s desire to remain at the top of the club they have owned for the past 102 years.
It seems not even Saudi billions will convince them to sell up.
According to Tuttosport, via JuventusNews24, investors launched a ‘monstrous’ effort to buy Exor’s shares.
The overall proposal is said to have been worth a staggering €2billion but was swiftly rebuffed.
However, per Calciomercato, sources close to the club have denied any negotiations with the Saudis and reiterated that Juventus are not for sale.
Juventus Not For Sale
For now, the record 36-time Serie A champions look set to remain under the control of the Agnelli family.
Elkann publicly pledged his commitment to the club after Tether’s buyout offer was turned down.
“Juventus, our history and our values are not for sale,” he said. “Juve has been part of my family for 102 years.
“Over the course of a century, four generations have emboldened it, made it strong, taken care of it in tough times, and celebrated it in the many festive moments.
“We continue to support our squad and are looking toward the future in order to build a winning Juve.”
An Exor statement read: “Exor reaffirms its previous, consistent statements that it has no intention of selling any of its shares in Juventus to a third party, including but not restricted to El Salvador-based Tether.
“Juventus is a storied and successful club, of which Exor and the Agnelli family are the stable and proud shareholders for over a century, and they remain fully committed to the club, supporting its new management team in the execution of a clear strategy to deliver strong results both on and off the field.”
