Brera Holdings and Juve Stabia Extend Deepest Condolences Following Monte Faito Cable Car Tragedy

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Brera Holdings PLC (NASDAQ: BREA) and its portfolio club SS Juve Stabia have expressed condolences following a tragic cable car accident on Monte Faito near Castellammare di Stabia. The incident occurred when a traction cable snapped, causing an ascending cabin to fall, resulting in four fatalities and one critical injury. A descending cabin with eight passengers and an operator was safely evacuated.

The cable car line had just reopened a week prior for the tourist season. Executive Chairman Dan McClory has contacted Mayor Luigi Vicinanza to offer support. As a mark of respect, Juve Stabia will wear black armbands during their upcoming home match against Sampdoria on April 21, and has requested permission for a minute of silence before kickoff.

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Juve Stabia posted an official communication in support of the victims of the cable car accident today on Monte Faito near Castellammare di Stabia

Dublin, Ireland and Castellammare di Stabia, Italy, April 17, 2025 (GLOBE NEWSWIRE) -- Brera Holdings PLC (NASDAQ: BREA), an Ireland-based international holding company focused on expanding its global portfolio of men’s and women’s sports clubs through a multi-club ownership (“MCO”) approach, and its portfolio club, SS Juve Stabia, express their profound sorrow following the tragic cable car accident that occurred today on Monte Faito near Castellammare di Stabia.

The accident, resulting from a snapped traction cable, led to the fall of an ascending cable car cabin, causing the deaths of at least four individuals and critically injuring one. A descending cabin carrying eight passengers and an operator was safely evacuated. The cable car line had reopened just a week prior for the tourist season.

Brera Holdings stands in full solidarity with the people of Castellammare di Stabia. Executive Chairman Dan McClory has personally contacted Mayor Luigi Vicinanza to offer condolences and reaffirm the Company’s commitment to the city in this difficult time.

As a gesture of respect, Juve Stabia will wear black armbands during their upcoming home match against Sampdoria on Monday, April 21 (34th matchday of the Serie BKT championship). The Club has also formally requested permission from Lega B to hold a minute of silence prior to kickoff.

Brera Holdings and Juve Stabia remain united in honoring the lives lost and supporting those affected by this devastating tragedy.

“Our hearts are with the people of Castellammare di Stabia,” said McClory. “We are devastated by this tragedy and stand ready to support the city in any way we can. Juve Stabia is more than a football club—it is part of the soul of this town, and we share in its grief.”

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 of 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.  As of February 12, 2025, Brera holds a 38.46% equity ownership interest in Juve Stabia.  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 PLC
Email: dan@breraholdings.com

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• Juve Stabia posted an official communication in support of the victims of the cable car accident today on Monte Faito near Castellammare di Stabia

FAQ

What happened in the Monte Faito cable car accident near Juve Stabia's home city?

A cable car accident occurred when a traction cable snapped, causing an ascending cabin to fall, resulting in four deaths and one critical injury. A descending cabin with nine people was safely evacuated.

How is Brera Holdings (NASDAQ: BREA) responding to the Monte Faito tragedy?

Brera Holdings' Executive Chairman contacted the mayor to offer condolences and support. The company's portfolio club Juve Stabia will wear black armbands and requested a minute of silence at their next match.

When will Juve Stabia honor the Monte Faito victims during their next match?

Juve Stabia will wear black armbands during their home match against Sampdoria on April 21, 2025, and has requested permission for a pre-match minute of silence.

How many casualties were there in the Monte Faito cable car incident?

The accident resulted in four fatalities and one critical injury, while eight passengers and an operator in a separate descending cabin were safely evacuated.