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LOS ANGELES - (NewMediaWire) - January 3, 2025 - Brera Holdings (NASDAQ: BREA) announced the initial closing of its acquisition of a 52% stake in Italian Serie B football club SS Juve Stabia, "The Second Team of Naples." The transaction begins with Brera acquiring 22% ownership, set to increase to 52% by March 2025, following terms outlined in the Sale and Purchase and Investment Agreement. This move aligns with Brera's multi-club ownership strategy to drive revenue and long-term value. Founder and Executive Chairman Daniel McClory highlighted the partnership with Juve Stabia President Andrea Langella and plans to enhance player development and operational efficiencies. Legal and advisory support was provided by Zephiro Investments, Barone & Associati, BonelliErede, and Bevilacqua PLLC.
To view the full press release, visit https://ibn.fm/28zqC
About Brera Holdings PLC
Brera Holdings PLC is focused on expanding its social impact football (soccer) business by developing a global portfolio of emerging football and other sports clubs, which will provide increased opportunities to earn tournament prizes, gain sponsorships, provide other professional football and sports-related consulting services, and achieve capital appreciation of these clubs.
For more information, visit the company's website at www.BreraHoldings.com
Forward-Looking Statements
Certain statements in this article are forward-looking, as defined in the Private Securities Litigation Reform Act of 1995. These statements involve risks, uncertainties, and other factors that may cause actual results to differ materially from the information expressed or implied by these forward-looking statements and may not be indicative of future results. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, various factors beyond management's control, including the risks set forth under the heading "Risk Factors" discussed under the caption "Item 1A. Risk Factors" in Part I of the Company's most recent Annual Report on Form 10-K or any updates discussed under the caption "Item 1A. Risk Factors" in Part II of the Company's Quarterly Reports on Form 10-Q and in the Company's other filings with the SEC. Undue reliance should not be placed on the forward-looking statements in this article in making an investment decision, which are based on information available to us on the date hereof. All parties undertake no duty to update this information unless required by law.
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