Business
Brera Holdings to Acquire Majority Stake in Italian First-Division Women’s Professional Volleyball Team UYBA Volley
North Milan-Based Team is Led by World Championship Coach Julio Velasco and Includes Lease for E-Work Arena in Busto Arsizio DUBLIN and MILAN, June 14, 2023
About this update from Brera Holdings Plc
[{"type":"text","content":"North Milan-Based Team is Led by World Championship Coach Julio Velasco and Includes Lease for E-Work Arena in Busto Arsizio\nDUBLIN and MILAN, June 14, 2023 (GLOBE NEWSWIRE) -- Brera Holdings PLC (“Brera Holdings,” “Brera” or the “Company”) (Nasdaq: BREA) today announced that it has signed an exclusive Letter of Intent (the “LOI”) to acquire majority ownership of the Italian Serie A1 women’s professional volleyball team UYBA Volley S.s.d.a.r.l., known as E-Work Busto Arsizio (“UYBA” or “UYBA Volley”), based in Busto Arsizio, north of Milan. “This is the first example of Brera Holdings implementing its multi-sport strategy to own and operate teams Empowered by Brera,” said Brera Holdings Chief Executive Officer, Pierre Galoppi. “Through the UYBA acquisition, we expect not only to partner with a championship-caliber professional team, but also to work with world championship coach Julio Velasco and obtain multi-year access to UYBA’s E-Work Arena from the city of Busto Arsizio,” Mr. Galoppi continued. Brera Director Chris Gardner and UYBA Chairman Giuseppe Pirola surrounded by team trophies at the E-Work Arena in Busto Arsizio Under the LOI, Brera or its subsidiary, Brera Milano S.r.l., intends to acquire 51% of the share capital of UYBA Volley. Giuseppe Pirola, UYBA’s chairman and minority shareholder, will continue as chairman of UYBA’s board of directors. “We look forward to welcoming Brera Holdings with their powerful Social Impact Sports mission and branding,” said Mr. Pirola. “Exporting our UYBA brand and our know-how internationally has always been one of the objectives of our mission, which we intend to achieve with Brera,\" concluded Mr. Pirola. UYBA Volley has an inspiring history of professional volleyball achievements, including title wins of the Women’s Confederation Europe Volleyball Cup (the “CEV Cup”) in the 2009-2010, 2011-2012, and 2018-2019 seasons. In the 2011-2012 season, UYBA won the Italian National Championship, the Italy Cup and the Italian Super Cup. Brera Holdings expects the acquisition of its majority stake in UYBA to close by June 28, 2023. The acquisition will be subject to the Company’s entry into a definitive purchase agreement and satisfaction of all related terms and conditions. ABOUT BRERA HOLDINGS PLC Brera Holdings PLC (Nasdaq: BREA) is focused on expanding its social impact football (American...