TURIN:

The Agnelli family has no intention of selling Juventus, opens new tab to crypto group Tether or anyone else, sources close to the family's holding company Exor said, after Tether bid for Italy's most historically successful soccer club.

Tether said on Friday it had submitted an all-cash proposal to Exor to buy its entire stake in the Turin-based Serie A club.

It is offering Exor 2.66 euros per share, a separate source said, valuing Juventus at just over one billion euros ($1.17 billion).

The price offered provides a 21% premium over Juventus' closing share price on Friday of 2.19 euros.

Juventus has not made an annual net profit for almost a decade, and its shares are down 27% so far this year.

Tether, the issuer of a U.S. dollar-referenced stablecoin dubbed USDT, has already

See Full Page