Tether Holdings announced on Friday that it submitted a binding all-cash proposal to Exor, a Dutch-based global investment holding company controlled by Italy’s Agnelli family, to acquire its entire stake in Juventus Football Club.

The proposal covers Exor’s 65.4% shareholding in Juventus, and Tether has offered a €1 billion ($1.17 billion) investment if the acquisition is completed.

Juventus A ‘Part Of My Life’: Tether CEO

El Salvador-based Tether (CRYPTO: USDT), best known for its USDT stablecoin, plans to fund the transaction with its own capital.

Paolo Ardoino, CEO of Tether, said, “For me, Juventus has always been part of my life. I grew up with this team. As a boy, I learned…

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