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Brera Holdings PLC Announces Six-Month Financial Results, Active Search for Italian Serie B Football Club Target
DUBLIN, Jan. 08, 2024 (GLOBE NEWSWIRE) -- Brera Holdings PLC (“Brera Holdings”, “Brera” or the “Company”) (Nasdaq: BREA) is focused on multi club ownership
About this update from Brera Holdings Plc
[{"type":"text","content":"DUBLIN, Jan. 08, 2024 (GLOBE NEWSWIRE) -- Brera Holdings PLC (“Brera Holdings”, “Brera” or the “Company”) (Nasdaq: BREA) is focused on multi club ownership (“MCO”) and expanding its global portfolio of professional sports clubs with an emphasis on football (American soccer) and its increased opportunities to earn tournament prizes, gain sponsorships, obtain transfer fees and provide other sports-related consulting services. Today Brera announced its launch of a proactive search for an Italian Serie B football club target designed to bring MCO of the highest tiers of professional sports ownership to mass investors through the Company’s Nasdaq-listed shares. Brera Holdings also announced today that it filed its unaudited consolidated financial statements for the six months ended June 30, 2023 with the Securities and Exchange Commission (the “SEC”) on December 29, 2023. The full report on Form 6-K is accessible here: https://www.sec.gov/ix?doc=/Archives/edgar/data/1939965/000121390023099953/ea190569-6k_brerahold.htm Brera Holdings successfully completed its $7,500,000 initial public offering on Nasdaq (the “IPO”) in January 2023, becoming the first Italian football team to list in New York. The Company’s IPO story and today’s business is focused on MCO: owning and operating multiple, global men’s and women’s sports clubs, while building on the legacy and brand of Brera FC, the first football club that was acquired by the Company in 2022, and its legacy of social impact. Within 60 days of its IPO, Brera Holdings expanded to Africa with the establishment of Brera Tchumene, a team admitted to the Second Division League in Mozambique, a country of nearly 32 million people, which was recently promoted to Moçambola (Premier Division for Mozambique). Just under 90 days from its IPO, the Company completed the acquisition of a 90% interest in Fudbalski Klub Akademja Pandev (“FKAP”), a club in the Prva League (Top Division) of North Macedonia, and eligible for UEFA tournaments and post-season play. FKAP was founded by football legend and Inter Milan star, Goran Pandev, who retained a 10% share and joined the Company’s board of directors at the time of its IPO. Brera’s MCO strategy continued in the second half of 2023, with its acquisition of a 51% interest in the Italian Serie A1 women’s professional volleyball team UYBA Volley S.s.d.a.r.l.,...