✎ Contributed by Ty Griffin
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
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The latest news and updates relating to BREA are available in the company’s newsroom at https://ibn.fm/BREA
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