IBN Coverage: Brera Holdings (NASDAQ: BREA) Announces Initial Closing With Execution of Share Purchase Agreement for Three-Step Acquisition of Serie B Team Juve Stabia

NewMediaWire
01-07

This article was published by IBN, a multifaceted communications organization engaged in connecting public companies to the investment community.

LOS ANGELES - January 6, 2025 (NEWMEDIAWIRE) - Brera Holdings PLC (NASDAQ: BREA), an Ireland-based, international holding company dedicated to expanding its global portfolio of men's and women's sports clubs through a multi-club ownership ("MCO") approach, announced on Tuesday, Dec. 31, 2024, the signing of an SPA as the foundation for acquiring a majority required ownership interest in SS Juve Stabia srl, an Italian Serie B football club, which will be conducted in a three-step process. This follows an earlier-announced binding term sheet on Dec. 9, 2024, which marked a significant expansion of the company's MCO model (https://ibn.fm/7DWtZ).

  • Brera Holdings, an Ireland-based, international holding company with a global portfolio of men's and women's sports clubs, announced its initial closing through the successful signing of an SPA, the first step in a three-step process to acquire a majority equity ownership interest in SS Juve Stabia srl
  • The SPA, executed on Dec. 31, 2024, secures Brera Holdings' initial 22% ownership stake and outlines provisions for incremental ownership increases, culminating in a 52% majority stake by March 31, 2025
  • This acquisition underscores Brera Holdings' commitment to scaling its multi-club ownership ("MCO") model, which includes both football and volleyball teams across Europe, Asia and Africa
  • It also highlights the company's focus on enhancing revenue growth and creating long-term shareholder value

"With Serie B's expanding commercial prospects, Juve Stabia offers a compelling opportunity for growth," noted Daniel McClory, Brera Holdings' Executive Chairman. "We are excited to partner with local management and invest in this historic team to capitalize on player trading opportunities, potentially

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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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