Brera Holdings acquires a 52% stake in Serie B club Juve Stabia, enhancing its multi-club ownership strategy.
Quiver AI Summary
Brera Holdings PLC has announced the initial closing of an agreement to acquire a 52% stake in the Italian Serie B football club SS Juve Stabia from the existing majority owner, XX Settembre srl. This acquisition process will commence with Brera obtaining a 22% ownership, which will increase to 52% by March 2025, pending certain conditions. The transaction, part of Brera's strategy to enhance operational efficiencies and revenue growth through multi-club ownership, was highlighted by Executive Chairman Daniel McClory as a critical step in investing in Juve Stabia, a club known as "The Second Team of Naples." Brera sees significant potential in player development and aims to leverage Juve Stabia's competitive position in Serie B to benefit its portfolio and shareholders in the forthcoming years.
Potential Positives
- Brera Holdings has initiated the acquisition of a 52 percent stake in Serie B club SS Juve Stabia, marking a significant expansion in their multi-club ownership strategy.
- The acquisition is expected to drive revenue growth and operational efficiencies, aligning with Brera's strategic vision for long-term value creation.
- This investment reflects Brera’s confidence in Juve Stabia’s potential, which is anticipated to enhance financial contributions to Brera Holdings and its shareholders in 2025 and beyond.
- The deal includes immediate cash and share payments, showcasing Brera's financial commitment and strengthening its foothold in the competitive football market.
Potential Negatives
- Brera Holdings faces significant risks associated with the acquisition, including its ability to grow and sustain its business as indicated by the cautionary note on forward-looking statements, which lists several factors that could negatively impact the company's strategy and operations.
- The company's reliance on the successful completion of future stages of the acquisition process for Juve Stabia raises concerns about the potential financial implications if the conditions are not met by the stipulated timeline.
- The press release highlights Brera Holdings' commitment to expansion through acquisitions, which could lead to overreach or resource strains if the company cannot effectively manage multiple assets across various sports markets.
FAQ
What is Brera Holdings PLC's recent acquisition?
Brera Holdings announced it has acquired a 52% stake in Italian football club SS Juve Stabia.
Who is the current owner of Juve Stabia?
Andrea Langella is the Club President and current majority owner through XX Settembre srl.
What are the strategic goals of Brera Holdings with this acquisition?
Brera aims to drive revenue growth, operational efficiencies, and player development through its multi-club ownership approach.
What percentage of ownership will Brera Holdings hold by March 2025?
Brera Holdings plans to increase its ownership of Juve Stabia to 52% by the end of March 2025.
What other clubs has Brera Holdings invested in?
Brera has invested in clubs including Brera FC, Fudbalski Klub Akademija Pandev, and UYBA Volley.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$BREA Hedge Fund Activity
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Full Release
Juve Stabia Club President Andrea Langella (left) with Brera Holdings PLC Executive Chairman Daniel McClory (right)
Dublin, Ireland, and Milan, Italy, Dec. 31, 2024 (GLOBE NEWSWIRE) -- 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 PLC
Email:
dan@breraholdings.com
Investor Relations Inquiries:
Skyline Corporate Communications Group, LLC
Scott Powell, President
1177 Avenue of the Americas, 5th Floor
New York, New York 10036
Office: (646) 893-5835
Email:
info@skylineccg.com
Attachment
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