BRERA HOLDINGS COMPLETES ACQUISITION OF EUROPEAN FIRST-DIVISION FOOTBALL TEAM AKADEMIJA PANDEV
May 08 2023 - 8:40AM
Brera Holdings PLC (“Brera Holdings” or the “Company”, Nasdaq:
BREA) today announced it has completed its acquisition of the
European first division football team Fudbalski Klub Akademija
Pandev (“Akademija Pandev”) in North Macedonia, a country which has
the right to participate in two major UEFA competitions. “This is
an example of Brera Holdings implementing its international
strategy to simultaneously pursue expansion and licensing of the
Brera FC brand in Eastern Europe,” said BREA CEO Sergio Scalpelli,
who continued, “through the Akademija Pandev acquisition and Brera
renaming we intend to enhance the team’s performance, and ideally
prepare players for the professional transfer market and obtain
prizes related to participation rights in UEFA.” In 2022,
Akademija Pandev participated in qualifier matches of UEFA
Conference League, the initial tier of the three UEFA competitions,
that feature competition prizes from $250,000 to $15 million.
Goran Pandev, the founder of Akademija Pandev,
is an independent member of the Board of Directors of Brera
Holdings who had a storied career as football player for Inter
Milan, and in 2021 he became the first Macedonian to score 100
goals in one of the top five European football leagues. In August
2022, Brera Holdings’ subsidiary Brera Milano srl entered into a
Sponsorship Agreement with Akademija Pandev that allowed the
Company to provide consulting and other football-related services
to the team, while receiving visibility, brand awareness and
communications exposure in Macedonia for the Brera FC brand.
A Letter of Intent for the acquisition was signed between the
parties in February 2023.
“We are extremely pleased to continue working
with Goran Pandev and the club he founded in 2010, and bring the
Brera FC brand legacy to Macedonia,” said Alessandro Aleotti, Chief
Strategy Officer for Brera Holdings and founder of Brera FC in
Milan over twenty years ago. “We believe these top-division
clubs in smaller countries have lower operational costs, with a
significant savings of resources otherwise required to access the
large cash prizes and linked investments,” Aleotti concluded.
“We think that following Brera’s acquisition of
Akademija Pandev we can facilitate the exchange and transfer market
of players from other clubs in Africa and South America, especially
in the 18-21 age group,” said CEO Scalpelli. “The club is also
eligible to qualify for major youth tournaments, such as the UEFA
Youth League, in which it will have the opportunity to compete
against teams of the same age group as the major international
clubs, and which represent the best showcase for the sale of young
players, with many potential transfer market opportunities,”
Scalpelli continued.
The number of foreign players eligible to be
registered according to the North Macedonian Football Association’s
rules stands at eight, making it possible for Brera to increase the
quality and competitiveness of the squad. As a candidate for
European Union membership since 2005, North Macedonia remains a
non-member of the EU and therefore does not currently require
foreign players to hold EU passports.
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 clubs with increased opportunities to earn
tournament prizes, gain sponsorships, and provide other
professional football and 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. 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 is focused on bottom-up value creation from
sports clubs and talent outside mainstream markets,
innovation-powered business growth, and socially-impactful
outcomes. See www.breraholdings.com.
Cautionary Note Regarding
Forward-Looking StatementsThis press release contains
forward-looking statements that are subject to various risks and
uncertainties. Such statements include statements regarding the
Company’s ability to grow its business and other statements that
are not historical facts, including statements which may be
accompanied by the words “intends,” “may,” “will,” “plans,”
“expects,” “anticipates,” “projects,” “predicts,” “estimates,”
“aims,” “believes,” “hopes,” “potential” or similar words. Actual
results could differ materially from those described in these
forward-looking statements due to certain factors, including
without limitation, the Company’s ability to continue as a going
concern, the popularity and/or competitive success of the Company’s
acquired football teams, the Company’s ability to attract players
and staff for acquired clubs, unsuccessful acquisitions or other
strategic transactions, the possibility of a decline in the
popularity of football, the Company’s ability to expand its
fanbase, sponsors and commercial partners, general economic
conditions and other risk factors detailed in the Company's filings
with the United States Securities and Exchange Commission. The
forward-looking statements contained in this press release are made
as of the date of this press release, and the Company does not
undertake any responsibility to update the forward-looking
statements in this release, except in accordance with applicable
law.
FOR MEDIA AND INVESTOR
RELATIONS
Outside Italy:
Daniel McClory, Executive Chairman
Brera Holdings PLC
dan@breraholdings.com
In Italy:
Sergio Scalpelli, CEO
Brera Holdings PLC
sergio@breraholdings.com
- Brera Pandev signing MI 4.28.23 Goran Sergio
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