Brera Holdings Exploring Additional Professional Teams to Execute Its Innovative “Social Impact Sports” Business Model Alongside Football
May 23 2023 - 8:50AM
Brera Holdings PLC ("Brera Holdings" or the "Company", Nasdaq:
BREA) announced that it plans to expand its acquisition strategy to
include other team and individual sports, in addition to football,
which will remain its core business. This strategy may include the
outright acquisition of men’s or women’s clubs or teams or simply
the management or sponsorship of such clubs or teams in order to
accelerate the development of their sports activity.
The Company expects this will mainly be accomplished through
Brera rebranding, but the Company also intends to set up a division
that will work on the re-empowerment of established clubs while
maintaining their original brand.
“Football remains our core business, but we want to build a
system capable of exploring advantageous opportunities in all
sports. Our teams will continue to play in several countries from
different continents carrying our brand and our principles,” says
Brera Holdings CEO, Sergio Scalpelli.
ABOUT BRERA HOLDINGS PLCBrera 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 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.
In March 2023, the Company expanded to Africa with the
establishment of Brera Tchumene, a team admitted to the Second
Division Championship in Mozambique, a country of nearly 32 million
people. In April 2023, the Company completed its 90%-acquisition of
the European first division football team Fudbalski Klub Akademija
Pandev in North Macedonia, a country which has the right to
participate in two major UEFA competitions. 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
Statements This 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 a number of 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 SEC. 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 such forward-looking
statements except in accordance with applicable law.
CONTACT INFORMATION:
FOR MEDIA AND INVESTOR RELATIONS
Outside Italy: Daniel McClory, Executive
Chairman Brera Holdings PLC dan@breraholdings.com
In Italy:Sergio Scalpelli, CEOBrera Holdings
PLCsergio@breraholdings.com
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