Business
Brera Holdings Agrees to Strategic Investment in Italian Serie B Professional Football (Soccer) Club Juve Stabia: “The Second Team of Naples”
Binding Term Sheet Signed for Ongoing Investment and 51.72% Shareholding Alongside Current Majority Owner XX Settembre Holding srl and President Andrea
About this update from Brera Holdings Plc
[{"type":"text","content":"Binding Term Sheet Signed for Ongoing Investment and 51.72% Shareholding Alongside Current Majority Owner XX Settembre Holding srl and President Andrea Langella for 117-Year Old Club in Italy’s Third-Largest Metro Area\n Juve Stabia President Andrea Langella (left) and Brera Holdings Executive Chairman Dan McClory (right) at the Club’s summer training camp in July 2024. DUBLIN, Ireland and MILAN, Italy, Dec. 09, 2024 (GLOBE NEWSWIRE) -- Brera Holdings PLC (“Brera Holdings” or “Brera”) (Nasdaq: BREA), an Ireland-based, Nasdaq-listed, international holding company focused on expanding its global portfolio of men's and women's sports clubs through a multi-club ownership (“MCO”) approach, announced today at a press conference in Naples that it has signed a binding term sheet to make a strategic investment in SS Juve Stabia SpA (\"Juve Stabia\" or \"the Club\"), a historic Italian Serie B football club celebrating 117 years of tradition. Brera’s investment has been structured to reinforce Juve Stabia’s sporting competitiveness in Serie B and beyond, alongside current majority owner XX Settembre srl (“XX Settembre”) and Club President Andrea Langella. Pending completion of the share purchase agreement and the initial closing of the transaction by December 31, 2024, Brera and XX Settembre have agreed to an approximate 52-48 strategic shareholding over three phases through March 31, 2025. Known as 'The Second Team of Naples,' Juve Stabia is a key fixture in Italy’s third-largest metropolitan area, strategically located near the famous historical sites of Pompeii and the picturesque Amalfi Coast, offering a unique blend of sporting and cultural significance in one of Italy’s most renowned regions. “After a thorough analysis and negotiations with leading Serie B clubs, Brera Holdings is extremely proud to invest in Juve Stabia, an important club with an ideal partner in President Andrea Langella,” said Brera Executive Chairman Daniel McClory, Founder and majority shareholder. “Competing in the vibrant Naples metropolitan area, home to 3.5 million people with an unparalleled tradition of top-caliber football, makes Brera’s investment in Juve Stabia especially strategic,” added Mr. McClory. Mr. Langella added, “We welcome Brera’s strategic capital, and the Nasdaq listing of its MCO model are expected to bring Juve Stabia not just additional...