Exor Maintains Control Over Juventus Shares
Exor N.V. announces an assertive stance towards an unsolicited acquisition attempt by Tether Investments regarding its controlling stake in Juventus Football Club. The Board of Directors has unanimously rejected Tether’s proposal, reiterating its commitment to the football club's legacy.
Commitment to Juventus
Exor has consistently maintained that the shares of Juventus will not be available for sale, particularly to Tether, a company based in El Salvador. This declaration underscores Exor's enduring dedication to Juventus, a club with a storied history and a rich tradition of success in football.
Juventus' Historic Legacy
As one of the most celebrated football clubs globally, Juventus holds a special place not just in sports but also in the hearts of its supporters. For over a century, Exor and the Agnelli family have been committed shareholders, deeply ingrained in the club's journey and evolution.
Support for New Management
Exor is fully supportive of Juventus's current management team, ensuring that they have the necessary backing to implement effective strategies. This cooperation is vital for achieving both strong results on the pitch and maintaining a stable off-field presence.
About Exor
Exor N.V., listed on the AEX under ticker EXO, has been synonymous with building successful companies since its establishment by the Agnelli Family. With a portfolio that includes prominent entities like Ferrari, CNH, Stellantis, and Philips, Exor continues to embody a blend of entrepreneurial spirit and financial prudence.
Investment Philosophy of Exor
The company approaches investments with a meticulous mindset, fostering a culture that encourages innovation while maintaining strict financial discipline. This philosophy has allowed Exor to thrive in a competitive landscape, ensuring the continued success of its subsidiaries.
Future of Exor and Juventus
Looking ahead, Exor aims to strengthen its position in the market while nurturing Juventus's growth. The commitment to enhancing the club's performance reflects the broader vision of developing a premier football institution recognized for excellence.
Frequently Asked Questions
What was Tether's proposal regarding Exor?
Tether proposed to acquire all shares of Juventus owned by Exor, which was rejected unanimously by Exor's Board of Directors.
Why did Exor reject Tether's proposal?
Exor has reaffirmed its long-standing commitment to Juventus, making it clear that the shares will not be sold to a third party.
What is the relationship between Exor and Juventus?
Exor has been a proud shareholder of Juventus, alongside the Agnelli family, for over a century, signifying a deep-rooted connection to the club.
How does Exor support Juventus's management?
Exor backs the new management team at Juventus, enabling them to execute strategies aimed at achieving significant results in the sport.
What companies are part of Exor's portfolio?
Exor's portfolio includes Ferrari, CNH, Stellantis, and Philips, showcasing its diverse investment strategy and commitment to growth.
