Brera Holdings Plans on Using Latest High-Profile Investment in Publicly-Traded Sports Company to Increase Its Industry Profile
February 01 2024 - 8:05AM
Brera Holdings PLC (“Brera Holdings”, “Brera” or the “Company”)
(Nasdaq: BREA), which one year ago became the first Italian
football team to IPO on Nasdaq, is now bringing multi-club
ownership (“MCO”) to its shareholders and investors worldwide.
Brera is the only publicly-listed MCO company in the world today,
holding six assets in its professional sports team portfolio.
Brera endeavors to strategically build shareholder value through
the continuous pursuit and acquisition of sports clubs. This
expansion effort aims to substantially strengthen the Company’s
capacity for player development and transfer across its broadening
global professional sports team network, and Brera is looking
forward to a prosperous and impactful year in 2024.
“I would like to congratulate Sir Jim Ratcliffe on his proposed
Manchester United investment and believe that when a world class
operator takes a stake in one of football’s most storied
franchises, it’s the type of move that should positively
reverberate throughout the industry,” stated Pierre Galoppi, Chief
Executive Officer of Brera Holdings. “We have long seen the value
of owning international football franchises and moved forward with
our IPO to help execute our acquisition and investment strategy to
realize vertical and horizontal opportunities in our space.”
According to SEC filings and Manchester United, PLC (NYSE: MANU)
announcements, Sir Jim Ratcliffe, CEO of INEOS, will pay $1.34
Billion, or $33 per share, to acquire 25% of MANU. Sir Jim intends
to fully fund his all-cash MANU tender offer through his Trawlers
Limited entity, which Reuters had previously reported values
Manchester United at between $6 billion and $6.5 billion including
current debt.
Brera recently announced the launch of a proactive search for an
Italian Serie B football club target designed to bring multi-club
ownership of the highest tiers of professional sports ownership to
mass investors through the Company's Nasdaq-listed shares.
ABOUT BRERA HOLDINGS PLC
Brera Holdings PLC (Nasdaq: BREA) is focused on expanding its
social impact football (American soccer) business by developing a
global portfolio of emerging football and other sports clubs with
increased opportunities to earn tournament prizes, gain
sponsorships, and provide other professional football- and
sports-related consulting services.
The Company seeks to build on the legacy and brand of Brera FC,
the first football club that was acquired by the Company in 2022.
Brera FC, known as "The Third Team of Milan," is an amateur
football association which has been building an alternative
football legacy since its founding in 2000. The Company owns the
trademarked FENIX Trophy Tournament, a non-professional
pan-European football competition recognized by UEFA, inaugurated
in September 2021 and organized by Brera FC. "FENIX" is an acronym
for "Friendly European Non-professional Innovative Xenial." BBC
Sport has called the FENIX Trophy "the Champions League for
amateurs," and Brera FC hosted the 2023 finals at Milan's legendary
San Siro Stadium. In October 2022, the Internet Marketing
Association at its IMPACT 22 Conference named Brera FC as its award
recipient for "Social Impact Through Soccer," recognizing the
Company's focus at an international level with this
distinction.
In March 2023, the Company expanded to Africa with the
establishment of Brera Tchumene FC, a team admitted to the Second
Division League in Mozambique, a country of nearly 32 million
people. In April 2023, the Company acquired 90% of the European
first division football team Fudbalski Klub Akademija Pandev in
North Macedonia, a country with participation rights in two major
Union of European Football Association ("UEFA") competitions.
In June 2023, Brera acquired a strategic stake in Manchester
United PLC. In July 2023, the Company completed the acquisition of
a majority ownership in the Italian Serie A1 women's professional
volleyball team UYBA Volley S.s.d.a.r.l. In September 2023, the
Company assumed control of Bayanzurkh Sporting Ilch FC, a team in
the Mongolian National Premier League, which will become Brera Ilch
FC when the football season resumes in March 2024. In January 2024,
the Company announced the launch of a proactive search for an
Italian Serie B football club target designed to bring multi-club
ownership of the highest tiers of professional sports ownership to
mass investors through the Company's Nasdaq-listed shares. The
Company is focused on bottom-up value creation from undervalued
sports clubs and talent, innovation-powered business growth, and
socially-impactful outcomes. See 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.
CONTACT INFORMATION:
FOR MEDIA AND INVESTOR RELATIONSPierre Galoppi, Chief Executive
OfficerBrera Holdings PLCpierre@breraholdings.com
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