Interesting contrast. Tether's €1.1 billion acquisition bid was rejected by Juventus management, but the club's stock instead rose by 14%, indicating that investors seem quite pleased with this decision. However, the performance of the JUV token is a bit awkward — it once dropped over 13%, though it later recovered somewhat. According to data from Coingecko, it is currently hovering around $0.73, with a 24-hour decline of 9.7%.

Interestingly, although this acquisition didn't go through, Tether still firmly holds a seat on Juventus's shareholder list, owning 11.53% of the club, making it the second-largest shareholder. This also shows that the leading stablecoin company’s interest in sports assets has not waned; this step was just temporarily blocked. The decline in the JUV token may reflect market disappointment over the failed acquisition.