Brera Holdings PLC Currently in Diligence Phase to Buy Serie B Italian Professional Football Club
Rhea-AI Summary
Brera Holdings PLC (Nasdaq: BREA) is in the due diligence phase for potentially acquiring an Italian Serie BKT football club. Led by CEO Pierre Galoppi and Maria Xing, formerly of 777 Partners, the company is leveraging its status as the first publicly traded multi-club ownership (MCO) entity in global football. Brera's management team is working with legal and financial advisors to target clubs with strong fan bases, talented players, and solid infrastructures. The company is under non-disclosure agreements and cannot comment further until official announcements can be made.
Positive
- Brera Holdings is targeting high-caliber clubs with strong fan bases and talented players.
- The company is leveraging its Nasdaq listing to access public capital for future investments.
- Brera aims to build the next generation of football champions.
- The management team includes experienced professionals like Maria Xing from 777 Partners.
Negative
- The acquisition is still in the due diligence phase and not finalized.
- The company has not disclosed specific details due to non-disclosure agreements.
- The outcome of the due diligence phase remains uncertain, potentially affecting investor confidence.
News Market Reaction – BREA
In the trading session that priced this news, BREA declined 0.74%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
DUBLIN and MILAN, June 04, 2024 (GLOBE NEWSWIRE) -- In response to numerous media reports in Europe, Brera Holdings PLC (“Brera Holdings,” “Brera” or the “Company”) (Nasdaq: BREA) reiterates that it is currently in the pre-acquisition due diligence phase for the potential acquisition of a football (American soccer) club in the Italian Serie BKT, managed by Lega Nazionale Professionisti Serie B (“Serie B”).
Brera’s management team, including Maria Xing (formerly of 777 Partners), in conjunction with its legal and financial due diligence advisors, has been actively working with several prospective clubs for potential acquisition by the Company, the first publicly-traded multi-club ownership (“MCO”) company in global football.
“The clubs we are in discussions with are high caliber targets, with avid fan bases, excellent player talent and academy potential, good infrastructure, and iconic Italian football legacies,” stated Brera CEO Pierre Galoppi. “We look forward to helping them become a model for the future of Italian football by utilizing our talent and ongoing access to public capital via our Nasdaq listing to build the next generation of football champions.”
The Company is currently under non-disclosure agreements and will not comment or provide specific details on media reports in the Italian press about Brera’s acquisition strategy until the next phase of these potential transactions can be compliantly announced.
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." The 2024 FENIX Trophy finals were covered by ESPN. 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 then admitted to the Second Division League in Mozambique, a country of nearly 32 million people. Brera Tchumene FC won its post-season tournament and in November 2023 was promoted to Mocambola, the First Division in Mozambique. In April 2023, the Company acquired
In June 2023, Brera acquired a strategic stake in Manchester United PLC, a portion of which was subject to a tender offer by Sir Jim Radcliffe and sold at a
Brera Holdings PLC 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 RELATIONS
Pierre Galoppi, Chief Executive Officer, Brera Holdings PLC
Email: pierre@breraholdings.com
