Business
Brera Holdings PLC Currently in Diligence Phase to Buy Serie B Italian Professional Football Club
DUBLIN and MILAN, June 04, 2024 (GLOBE NEWSWIRE) -- In response to numerous media reports in Europe, Brera Holdings PLC (“Brera Holdings,” “Brera” or the
About this update from Brera Holdings Plc
[{"type":"text","content":"DUBLIN and MILAN, June 04, 2024 (GLOBE NEWSWIRE) -- In response to numerous media reports in Europe, Brera Holdings PLC (“Brera Holdings,” “Brera” or the “Company”) (Nasdaq: BREA) reiterates that it is currently in the pre-acquisition due diligence phase for the potential acquisition of a football (American soccer) club in the Italian Serie BKT, managed by Lega Nazionale Professionisti Serie B (“Serie B”). Brera’s management team, including Maria Xing (formerly of 777 Partners), in conjunction with its legal and financial due diligence advisors, has been actively working with several prospective clubs for potential acquisition by the Company, the first publicly-traded multi-club ownership (“MCO”) company in global football. “The clubs we are in discussions with are high caliber targets, with avid fan bases, excellent player talent and academy potential, good infrastructure, and iconic Italian football legacies,” stated Brera CEO Pierre Galoppi. “We look forward to helping them become a model for the future of Italian football by utilizing our talent and ongoing access to public capital via our Nasdaq listing to build the next generation of football champions.” The Company is currently under non-disclosure agreements and will not comment or provide specific details on media reports in the Italian press about Brera’s acquisition strategy until the next phase of these potential transactions can be compliantly announced. ABOUT BRERA HOLDINGS PLC Brera Holdings PLC (Nasdaq: BREA) is focused on expanding its social impact football (American soccer) business by developing a global portfolio of emerging football and other sports clubs with increased opportunities to earn tournament prizes, gain sponsorships, and provide other professional football- and sports-related consulting services. The Company seeks to build on the legacy and brand of Brera FC, the first football club that was acquired by the Company in 2022. Brera FC, known as \"The Third Team of Milan,\" is an amateur football association which has been building an alternative football legacy since its founding in 2000. The Company owns the trademarked FENIX Trophy Tournament, a non-professional pan-European football competition recognized by UEFA, inaugurated in September 2021 and organized by Brera FC. \"FENIX\" is an acronym for \"Friendly European Non-professional Innovative...