Business
Brera Holdings PLC Acquires Strategic Stake in Manchester United PLC
Nasdaq-listed BREA Plans to Meet NYSE-listed MANU to Discuss Brera’s ‘Social Impact Football’ Business Model and Other Value-Building Strategies NEW YORK,
About this update from Brera Holdings Plc
[{"type":"text","content":"Nasdaq-listed BREA Plans to Meet NYSE-listed MANU to Discuss Brera’s ‘Social Impact Football’ Business Model and Other Value-Building Strategies\nNEW YORK, MANCHESTER, MILAN and DUBLIN, June 06, 2023 (GLOBE NEWSWIRE) -- Brera Holdings PLC (Nasdaq: BREA) (“Brera Holdings” or the “Company”) today announced that it has made a strategic investment in Manchester United PLC (NYSE: MANU) (“MANU”) and invited the MANU board to a briefing on Brera’s innovative “Social Impact Football” business model and other value-building strategies. Although MANU’s market capitalization on the New York Stock Exchange is approximately $3 billion, according to the Financial Times, the price range for a pending sale of MANU, the holding company of Manchester United Football Club (“United”), could exceed $6 billion. “We believe that our strategic investment in MANU at this time has potential for value creation and eventual realization, and we look forward to briefing their board on ways to achieve that,” said Brera Holdings CEO, Sergio Scalpelli. “As owners of ‘The Third Team of Milan’ Brera FC, we have seen how an innovative business model, our Nasdaq IPO, and a social impact focus can not only capture attention but also lead to international expansion, diversification, and growth opportunities,” Scalpelli continued. Beginning last week, BREA began acquiring MANU shares through open market purchases, which now exceed $100,000, according to Brera Holdings Executive Chairman, Dan McClory. BREA intends to provide updates on its strategic stake in MANU, including United’s performance and its owner’s sale process. While United recently finished its English Premier League season in third place to qualify once again for the Champions League, Brera Holdings announced that Brera FC had advanced to the FENIX Trophy semifinals being held this week in Milan. BBC Sport called the FENIX Trophy tournament the “Champions League for Amateurs” in its coverage of the tournament last year. Brera FC was named the “Social Impact Soccer Team of 2022” by the US-based Internet Marketing Association. ABOUT BRERA HOLDINGS PLC: Brera Holdings PLC is a Nasdaq-listed (Stock Ticker: BREA) Irish holding company focused on expanding social impact football (American soccer) by developing a global portfolio of emerging football and sports clubs with increased opportunities to earn tournam...