Italy’s Agnelli family, the owners of the popular Juventus Football Club, turned down a purchase offer from stablecoin issuer Tether (CRYPTO: USDT) on Saturday.

Juventus Owners Decline Purchase Offer

John Elkann, CEO of the family’s holding company Exor NV (OTC:EXXRF), asserted in a video address, “Juventus, our history and our values are not for sale.” 

“Juventus has been part of my family for 102 years,” Elkann emphasized. “Over the course of a century, four generations have helped it grow.”

The rejection comes after Tether submitted a binding all-cash proposal to Exor to purchase its entire 65.4% stake in the historic soccer club. The offer, valued at $1.17 billion, was…

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