Brera Holdings Announces South American Football Market Study Targeting Two Key Countries of Interest
July 19 2023 - 8:50AM
Brera Holdings PLC ("Brera Holdings", “Brera”, or the "Company")
(Nasdaq: BREA) announced that it has signed an agreement for a
market study of South American football (the “Study”), centered on
two countries of interest. The Study is expected to be completed
within 60 days and focus primarily, though not exclusively, on the
countries of Chile and Uruguay, as recommended by Fenix SpA
(“Fenix”), the Company’s regional advisors and the Study’s
authors. This represents Brera Holding’s first potential
foray into the richly talented South American market, home to 10
World Cup trophies, including last year’s winner Argentina and the
U-19 World Cup winner Uruguay just last month.
“We look forward to working closely with Fenix to complete the
Study. We expect that the Study will provide candidate teams for
Brera Holdings, in the world’s most talent-rich football market,
allowing us to continue to execute on our social impact mission in
a part of the world where we feel we can make a difference,” said
Brera Holdings CEO, Pierre Galoppi.
Fenix, based in Santiago, Chile, has extensive experience in
business management, corporate finance, and project evaluation and
analysis. In the sports industry, Fenix has experience in providing
management services and studies to a variety of popular football
teams. Additionally, Fenix has an established presence in the media
and communications sector with a footprint that extends to seven
countries in the South American region.
Brera will evaluate the South American football market
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.
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 acquired 90% of the European
first division football team Fudbalski Klub Akademija Pandev in
North Macedonia, a country with participation rights in two major
Union of European Football Association (“UEFA”) competitions. On
July 28, 2023, the Company will complete the acquisition of a
majority ownership in the Italian Serie A1 women’s professional
volleyball team UYBA Volley S.s.d.a.r.l., based on the agreed upon
closing conditions in the Preliminary Agreement signed on July 3,
2023. 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 and other sports 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 or other
sports, 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
Pierre Galoppi, Chief Executive OfficerBrera Holdings PLC
pierre@breraholdings.com
- Brera will evaluate the South American football market
Brera (NASDAQ:BREA)
Historical Stock Chart
From Jun 2024 to Jul 2024
Brera (NASDAQ:BREA)
Historical Stock Chart
From Jul 2023 to Jul 2024