Brera Holdings Announces Initial Closing and Execution of Agreement to Acquire 52 Percent Stake in Storied Italian Serie B Football Club SS Juve Stabia srl “The Second Team of Naples”
31 Dezember 2024 - 4:20PM
Brera Holdings PLC ("Brera Holdings" 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 initial 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 srl, the holding company of
Club President Andrea Langella.
This first step in the three-stage acquisition
process was today’s execution of the Sale and Purchase and
Investment Agreement (the “SPA”), which includes immediate cash and
share payments by Brera Holdings to Juve Stabia and XX Settembre,
and the acquisition by Brera of a 22 percent ownership in the Club,
which will increase to 52% by the end of March 2025 subject to the
satisfaction of the terms and conditions of the SPA. The
transaction aligns with Brera’s strategic vision to drive revenue
growth, operational efficiencies, and long-term value creation
through its MCO platform.
"The initial closing marks a pivotal step in our
majority investment in Juve Stabia," said Daniel McClory, Founder
and Executive Chairman of Brera Holdings. "We are privileged to
partner with President Andrea Langella, an accomplished
entrepreneur, alongside Juve Stabia’s existing management and
invest in this historic club. We plan to capitalize on player
development opportunities, leveraging Juve Stabia’s strong
foundation and current competitive position in Serie B. This
investment reflects our confidence in Juve Stabia’s potential to
deliver robust contributions to Brera Holdings and our shareholders
in 2025 and beyond."
Zephiro Investments, with its founding partner
Joseph Grosso, provided Juve Stabia with M&A advisory services.
Barone & Associati served as Italian legal counsel to the Club.
BonelliErede acted as Italian legal counsel for Brera Holdings PLC,
with Bevilacqua PLLC serving as Brera’s U.S. legal
advisors.
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.
In December 2024 Brera announced plans to
acquire a storied Italian Serie B club, signing a binding term
sheet with SS Juve Stabia srl, “The Second Team of Naples.” With a
focus on bottom-up value creation, innovation-driven growth, and
socially impactful outcomes, Brera Holdings endeavors to position
itself as a forward-thinking player in the global sports landscape.
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 (left) with Brera
Holdings PLC Executive Chairman Daniel McClory (right)
Brera (NASDAQ:BREA)
Historical Stock Chart
Von Dez 2024 bis Jan 2025
Brera (NASDAQ:BREA)
Historical Stock Chart
Von Jan 2024 bis Jan 2025