Brera Holdings PLC (NASDAQ: BREA) Increases Stake in Italian Serie B Football Club Juve Stabia, “The Second Team of Naples,” to 35% With Second Closing of Acquisition Agreement
11 January 2025 - 1:20AM
Brera Holdings PLC ("Brera Holdings," the “Company,” or “Brera”)
(Nasdaq: BREA), an Ireland-based, Nasdaq-listed, international
holding company focused on expanding its global portfolio of men's
and women's sports clubs through a multi-club ownership ("MCO")
approach, today announced the second closing under its agreement to
acquire a 52 percent stake in Italian Serie B football club SS Juve
Stabia srl, known as “The Second Team of Naples,” ("Juve Stabia" or
the “Club") from existing majority owner XX Settembre, the holding
company of Club President Andrea Langella.
With the second closing, Brera Holdings has increased its
ownership stake from 21.74% to 34.62%. The initial portion of the
transaction closed on December 31, 2024. This subsequent increase
further solidifies Brera Holdings’ position in the Italian football
landscape and aligns with its strategy to scale its MCO model. The
deal remains subject to regulatory approval.“This expanded
ownership stake demonstrates our commitment to building a leading
multi-club ownership platform,” said Daniel McClory, Executive
Chairman of Brera Holdings. “Juve Stabia’s rich history and
competitive potential align perfectly with our strategy to scale
operations and drive long-term value. We’re excited to support the
club’s continued growth and success in Serie B alongside President
Andrea Langella.”
ABOUT BRERA HOLDINGS PLC
Brera Holdings PLC (Nasdaq: BREA) is dedicated
to expanding its social impact football business by developing a
global portfolio of emerging football and sports clubs. Building on
the legacy of Brera FC, which it acquired in 2022, the Company aims
to create opportunities for tournament prizes, sponsorships, and
professional consulting services. Brera FC, recognized as "The
Third Team of Milan," has been crafting an alternative football
legacy since its founding in 2000. The club also organizes the
FENIX Trophy, a nonprofessional pan-European tournament
acknowledged by UEFA. This tournament, which has been referred to
as "the Champions League for Amateurs" by BBC Sport, has garnered
significant media coverage, including from ESPN.
In its efforts to broaden its reach, Brera
expanded into Africa in March 2023 by establishing Brera Tchumene
FC in Mozambique, which quickly rose to the First Division after
winning its post-season tournament. In April 2023, the Company
acquired a 90% stake in the North Macedonian first-division team
Fudbalski Klub Akademija Pandev, now known as Brera Strumica FC.
Additionally, in June 2023, Brera made a strategic investment in
Manchester United PLC, realizing a 74% gain. The Company has
further diversified its portfolio by acquiring a majority stake in
UYBA Volley, an Italian women's professional volleyball team, in
July 2023, assuming control of Bayanzurkh Sporting Ilch FC, a
Mongolian National Premier League team, which became Brera Ilch FC,
in September 2023, and establishing a joint stock company for the
North Macedonian women's football club Tiverija Strumica, now known
as Brera Tiverija FC, a wholly-owned subsidiary of Brera Strumica
FC, in June 2024.
On December 31, 2024 Brera signed an agreement
to acquire majority ownership of SS Juve Stabia srl, an Italian
Serie B football club known as “The Second Team of Naples,” which
will be conducted in a multi-step process, and marks a significant
expansion of the Company’s MCO model. With a strategic
emphasis on bottom-up value creation, innovation-driven growth, and
socially impactful outcomes, Brera Holdings has established itself
as a forward-thinking leader in the global sports industry. For
more information, visit www.breraholdings.com.
Cautionary Note
Regarding Forward-Looking Statements
This press release contains forward-looking
statements that are subject to various risks and uncertainties.
Such statements include statements regarding the Company's ability
to grow its business and other statements that are not historical
facts, including statements which may be accompanied by the words
"intends," "may," "will," "plans," "expects," "anticipates,"
"projects," "predicts," "estimates," "aims," "believes," "hopes,"
"potential" or similar words. Actual results could differ
materially from those described in these forward-looking statements
due to a number of factors, including without limitation, the
Company's ability to continue as a going concern, the popularity
and/or competitive success of the Company's acquired football and
other sports teams, the Company's ability to attract players and
staff for acquired clubs, unsuccessful acquisitions or other
strategic transactions, the possibility of a decline in the
popularity of football or other sports, the Company's ability to
expand its fanbase, sponsors and commercial partners, general
economic conditions, and other risk factors detailed in the
Company's filings with the SEC. The forward-looking statements
contained in this press release are made as of the date of this
press release, and the Company does not undertake any
responsibility to update such forward-looking statements except in
accordance with applicable law.
Company Contact Information:Dan McClory,
Executive Chairman, Brera Holdings
PLCEmail: dan@breraholdings.com
Investor Relations Inquiries:Skyline Corporate
Communications Group, LLCScott Powell, President1177 Avenue of the
Americas, 5th FloorNew York, New York 10036Office: (646)
893-5835Email: info@skylineccg.com
- Juve Stabia Club President Andrea Langella (third from left),
Juve Stabia representatives, and Brera Holdings PLC Executive
Chairman Daniel McClory (second from right)
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