Brera Holdings to Finance Growth Plans for Newly Acquired First Division European Football Club Akademija Pandev
May 31 2023 - 8:50AM
Brera Holdings PLC ("Brera Holdings" or the "Company", Nasdaq:
BREA) announced that it plans to inject growth capital into its
newly acquired team in North Macedonia aimed at developing and
strengthening the team’s football activities in the 2023-24 season.
Fudbalski Klub Akademija Pandev, which is in the process of
being renamed Brera Strumica, ended the 2022-23 season in the
second half of the First Division. Through Brera Holdings'
plan for the 2023-24 season, Brera Strumica is aiming to place in
the top three of the North Macedonian First Division. Finishing in
the top three would qualify Brera Strumica for UEFA competitions -
a goal recently achieved by the club - with potential appearance
fees and competition prizes ranging from $250,000 to $15
million.
Brera Strumica’s continuity is evidenced by its founder Goran
Pandev, who had a storied career as a football player for Inter
Milan and notoriety as the first Macedonian to score 100 career
goals in one of the top five European football leagues. Pandev is
the former majority owner of the club and currently a member of the
Board of Directors of Brera Holdings, and he maintains a minority
share and continues as Chairman of Brera Strumica.
The structure of Brera Strumica’s sporting and technical staff
and the composition of the player roster are currently being
reviewed, defined and financed.
“Brera Strumica is for us a highly strategic club as it is our
initial First Division club in Europe, undoubtedly the core market
for global football. For this reason, we are making every effort to
quickly bring the club into the top positions,” said Brera Holdings
CEO, Sergio Scalpelli.
Goran Pandev, founder of Brera’s first division North Macedonian
club
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, CEO Brera Holdings PLC
sergio@breraholdings.com
- Goran Pandev is the Founder of Akademija Pandev
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