Brera Holdings Announces Exclusive Letter of Intent to Acquire and Re-Brand Mongolian Premier League Team Bayanzurkh Sporting Ilch FC
August 31 2023 - 8:50AM
Brera Holdings PLC (“Brera Holdings”, “Brera” or the “Company”)
(Nasdaq: BREA) announced that its wholly-owned subsidiary Brera
Milano S.r.l. (“Brera Milano”) has signed an exclusive Letter of
Intent (the “LOI”) with Mongolia’s Bayanzurkh Sporting Ilch FC
(“Bayanzurkh FC”) to acquire the club before the resumption of the
football season in March 2024 after the winter break.
Bayanzurkh FC, located in Mongolia’s capital Ulaanbaatar, was
founded in 2020 and was recently promoted to the Mongolian National
Premier League, the top-tier professional football league of
Mongolia. Brera Milano intends to manage Bayanzurkh FC’s sports
activities through the transformation of the club from a sports
association into a limited liability company. The LOI is subject to
rebranding the club with “Brera” in its name before the resumption
of the football season in March 2024. The LOI was signed by Mr.
Alessandro Aleotti, Chairman of Brera FC and a Director of Brera
Holdings, and Mr. Chinsanaa Jargalsaikhan, Chairman of Bayanzurkh
FC.
Mr. Alessandro Aleotti, Chairman of Brera FC and
Mr. Chinsanaa Jargalsaikhan, Chairman of Bayanzurkh FC
The acquisition, when finalized, will bring the Brera brand to
Asia, adding a third continent to its currently top-ranked Brera
teams in Europe and Africa. Brera Strumica in the North Macedonian
First Division and Brera Tchumene in Mozambique’s Second Division
are both leading the standings in their respective leagues. In
addition to Mongolia, Brera is exploring new opportunities in the
Americas, potentially bringing Brera Holdings’ unique Nasdaq-listed
multi-club ownership (“MCO”) model to an even broader global
audience of investors and fans.
“We are deeply committed to Brera as a global brand,” said Brera
Holdings Chief Executive Officer, Pierre Galoppi. “And we think we
can bring Italian-inspired football culture to other countries and
continents to fully develop the potential of these clubs while we
pursue our international vision,” Mr. Galoppi continued. “We firmly
believe that our MCO model offers fans the opportunity to take
ownership in the clubs they are passionate about, a privilege
typically accessible only to the exceptionally wealthy,” Mr.
Galoppi concluded.
ABOUT BRERA HOLDINGS PLCBrera 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 League 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 31, 2023, the Company
completed the acquisition of a majority ownership in the Italian
Serie A1 women’s professional volleyball team UYBA Volley
S.s.d.a.r.l. The Company is focused on bottom-up value creation
from undervalued sports clubs and talent, 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 RELATIONSPierre Galoppi,
Chief Executive Officer Brera Holdings PLC
pierre@breraholdings.com
- Mr. Alessandro Aleotti, Chairman of Brera FC and Mr. Chinsanaa
Jargalsaikhan, Chairman of Bayanzurkh FC
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