Cryptocurrency firm Tether said Friday it had submitted a bid to Juventus's main shareholder, Exor, to acquire its entire stake in the Turin football club -- but was quickly rebuffed. Tether, which already has an 11.5-percent stake in Juventus, said in a statement that it "has submitted a binding all cash proposal to Exor to acquire its entire stake".

Cryptocurrency firm Tether said Friday it had submitted a bid to Juventus's main shareholder, Exor, to acquire its entire stake in the Turin football club -- but was quickly rebuffed. Tether, which already has an 11.5-percent stake in Juventus, said in a statement that it "has submitted a binding all cash proposal to Exor to acquire its entire stake".

Tether bids €1B for Juventus, seeking full ownership as Exor resists, marking a bold push by crypto into elite European football.!