Juventus’ (BIT:JUVE) share price staged a sharp rebound after the club’s board formally dismissed a takeover proposal from Tether Investments, triggering a strong positive reaction in the market.

“There is no intention of selling any share of Juventus to third parties, including, but not limited to, the Salvadoran company Tether.” With this statement, Juventus’ board of directors made clear its position on the unsolicited bid from the company behind the USDT stablecoin, sending the club’s shares sharply higher at the open.

The board underlined that Exor and the Agnelli family remain “stable and proud shareholders for over a century, who remain fully committed to the Club, supporting the new management team in implementing a clear strategy aimed at achieving important results both on and off the pitch.”

In early trading, Juventus stock jumped as much as 11%, reaching €2.42 within minutes of the session opening, its highest level since 24 November. Prior to Monday’s rally, the shares had fallen around 27% over the course of 2025, and the club has not reported an annual net profit for almost ten years.

The move followed an announcement from Tether on Friday that it had submitted an unsolicited, binding all-cash offer to Exor to acquire the Agnelli family holding company’s entire stake in Juventus. Tether, which already owns 11.527% of the club, said it would subsequently launch a tender offer for the remaining shares at the same price, fully funded with equity and backed by a long-term commitment to the club.

According to Tether, Exor’s holding represents 65.4% of Juventus’ share capital. The proposed offer price was €2.66 per share, implying an equity valuation of roughly €1.1 billion for 100% of the company, a premium of about 20.74% compared with Juventus’ official share price on 11 December.

The bid was made “for the purpose of demonstrating Tether’s strong belief in the possibility of concluding a mutually satisfactory transaction in a spirit of collaboration, which would be in the best interests of the company and its stakeholders,” the company said.

Tether CEO Paolo Ardoino also shared his views publicly. “From the very beginning, our goal has always been to support the team and bring it back to the glory it deserves,” he wrote on X. He later added: “For me, Juventus has always been a part of my life. I grew up with this team. As a boy, I learned the meaning of commitment, resilience, and responsibility, watching Juventus face success and adversity with dignity. These lessons stayed with me long after the final whistle. Our interest in Juventus is born of deep admiration and respect. Juventus is a symbol of Italian excellence with a truly global presence , built over generations through hard work, ambition, and the unwavering loyalty of its fans.”

Despite these declarations, Juventus’ response was unequivocal. The board unanimously rejected the proposal, reiterating that the club “is a historic and successful club, of which Exor and the Agnelli family have been stable and proud shareholders for over a century, and they remain fully committed to the Club, supporting its new management team in executing a clear strategy to achieve excellent results both on and off the pitch.”

Exor CEO John Elkann reinforced that stance in a video message. “Juve has been part of my family for 102 years. It’s part in the truest sense of the word, because over the course of a century, four generations have expanded it, made it strong, cared for it in difficult times, celebrated it in happy times,” he said.

He concluded by broadening the message beyond shareholders: “But not only that: Juve is part of a much larger family, the Bianconeri family, made up of millions of fans who love Juve as they love their loved ones. Precisely because of this passion, this love story that has united us for over a century, as a family we continue to support the team and look to the future, to build a winning Juve. Juventus, our history, our values are not for sale ,” Elkann concluded.

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