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Brera Holdings (BREA) has announced details of a three-step acquisition process to obtain majority ownership in SS Juve Stabia, an Italian Serie B football club. The process will result in Brera acquiring approximately 52% ownership through share capital and reserve increases, with steps reaching 22%, 38%, and finally ~52% ownership by March 31, 2025.
The first step (22% ownership) is expected to complete by December 31, 2024. The acquisition includes performance-based milestone compensations for current owner Andrea Langella, tied to Serie B playoff qualification and potential Serie A promotion. Juve Stabia currently sits in fourth place in Serie B with 28 points, positioning them for potential promotion playoffs.
Brera Holdings (BREA) ha annunciato i dettagli di un processo di acquisizione in tre fasi per ottenere il controllo di maggioranza in SS Juve Stabia, un club di calcio italiano di Serie B. Il processo porterà Brera a acquisire circa il 52% della proprietà attraverso aumenti di capitale e riserve, con le fasi che raggiungeranno il 22%, il 38%, e infine circa il 52% entro il 31 marzo 2025.
Il primo passo (22% di proprietà) dovrebbe completarsi entro il 31 dicembre 2024. L’acquisizione comprende compensi legati a obiettivi prestazionali per l’attuale proprietario Andrea Langella, associati alla qualificazione ai playoff di Serie B e a una potenziale promozione in Serie A. Juve Stabia attualmente si trova al quarto posto in Serie B con 28 punti, posizionandosi per i potenziali playoff di promozione.
Brera Holdings (BREA) ha anunciado los detalles de un proceso de adquisición en tres etapas para obtener la propiedad mayoritaria de SS Juve Stabia, un club de fútbol italiano de la Serie B. Este proceso resultará en que Brera adquiera aproximadamente el 52% de la propiedad a través de aumentos de capital y reservas, con etapas que alcanzarán el 22%, el 38% y finalmente alrededor del 52% para el 31 de marzo de 2025.
Se espera que el primer paso (22% de propiedad) se complete para el 31 de diciembre de 2024. La adquisición incluye compensaciones basadas en hitos de rendimiento para el actual propietario Andrea Langella, vinculadas a la clasificación para los playoffs de la Serie B y a una posible promoción a la Serie A. Juve Stabia actualmente ocupa el cuarto lugar en la Serie B con 28 puntos, lo que los posiciona para potenciales playoffs de promoción.
Brera Holdings (BREA)는 이탈리아 세리에 B 축구 클럽인 SS Juve Stabia의 지배권을 확보하기 위한 3단계 인수 프로세스의 세부 사항을 발표했습니다. 이 과정에서 Brera는 자본금 및 준비금 증가를 통해 약 52%의 소유권을 확보할 것이며, 단계별로 22%, 38%, 그리고 최종적으로 2025년 3월 31일까지 약 52%의 소유권에 도달하게 됩니다.
첫 번째 단계(22% 소유권)는 2024년 12월 31일까지 완료될 것으로 예상됩니다. 인수에는 현재 소유자 Andrea Langella와 관련된 성과 기반 마일스톤 보상이 포함되어 있으며, 이는 세리에 B 플레이오프 자격 및 잠재적인 세리에 A 승격과 연관되어 있습니다. Juve Stabia는 현재 세리에 B에서 28점으로 4위에 위치하고 있으며, 승격 플레이오프에 나설 수 있는 위치에 있습니다.
Brera Holdings (BREA) a annoncé les détails d’un processus d’acquisition en trois étapes pour obtenir une participation majoritaire dans SS Juve Stabia, un club de football italien de la Serie B. Ce processus aboutira à l’acquisition par Brera d’environ 52% des parts à travers des augmentations de capital et de réserves, avec des étapes atteignant 22%, 38% et enfin ~52% d’ici le 31 mars 2025.
La première étape (22% de propriété) devrait être finalisée d’ici le 31 décembre 2024. L’acquisition comprend des compensations basées sur la performance pour le propriétaire actuel Andrea Langella, liées à la qualification pour les playoffs de la Serie B et à une éventuelle promotion en Serie A. Juve Stabia occupe actuellement la quatrième place en Serie B avec 28 points, se positionnant pour les playoffs de promotion potentiels.
Brera Holdings (BREA) hat die Einzelheiten eines dreistufigen Erwerbsprozesses angekündigt, um die Mehrheitsbeteiligung an SS Juve Stabia, einem italienischen Fußballverein der Serie B, zu sichern. Der Prozess wird dazu führen, dass Brera etwa 52% der Anteile durch Erhöhungen des Grundkapitals und der Rücklagen erwirbt, wobei die Schritte 22%, 38% und schließlich ~52% bis zum 31. März 2025 erreichen werden.
Der erste Schritt (22% Beteiligung) wird voraussichtlich bis zum 31. Dezember 2024 abgeschlossen sein. Die Akquisition umfasst leistungsbasierte Meilensteinvergütungen für den aktuellen Eigentümer Andrea Langella, die an die Qualifikation für die Serie B-Playoffs und eine mögliche Beförderung in die Serie A geknüpft sind. Juve Stabia belegt derzeit mit 28 Punkten den vierten Platz in der Serie B, was sie für potenzielle Aufstiegs-Playoffs in Position bringt.
Positive
- Strategic acquisition providing entry into Serie B football market
- Juve Stabia’s strong competitive position (4th place) with promotion potential to Serie A
- Performance-based milestone structure aligns interests with current ownership
- Phased acquisition approach ensures smooth transition and proper IFRS audit compliance
Negative
- Significant capital deployment required for three-step acquisition process
- Extended timeline for full control (March 31, 2025)
- Performance-based payments could increase total acquisition cost
Insights
The acquisition of Juve Stabia represents a strategically calculated move in the football business landscape. The three-step acquisition process, reaching ~52% ownership by March 2025, is structured to minimize disruption while maximizing integration potential. The club’s current position in 4th place in Serie B adds significant value, as promotion to Serie A could multiply the club’s worth through increased broadcasting rights and commercial revenues.
The milestone-based compensation structure with current owner Andrea Langella demonstrates sophisticated deal engineering, aligning interests toward Serie A promotion. Serie A participation could generate an estimated €25-30 million in additional annual revenue through broadcasting rights alone. The acquisition’s timing is particularly strategic given Juve Stabia’s strong competitive position and the potential for near-term value creation through promotion.
The multi-club ownership (MCO) model enables operational synergies in scouting, player development and commercial operations. This framework has proven successful with City Football Group and Red Bull, potentially allowing Brera to leverage economies of scale across its portfolio.
The phased acquisition structure reveals sophisticated financial engineering designed to optimize capital deployment and risk management. The progressive ownership increases (22%, 38%, ~52%) allow for methodical integration while maintaining operational stability. This approach also enables proper IFRS audit preparation, important for SEC compliance.
The deal structure indicates a focus on value preservation and upside capture. The milestone-based compensation tied to Serie B playoff qualification and Serie A promotion creates a performance-driven framework that protects buyer interests while incentivizing the seller’s continued engagement. For retail investors, this represents a calculated entry into the high-potential Italian football market with built-in value catalysts.
The timing of the first closing by December 31, 2024, suggests careful consideration of fiscal year reporting requirements and regulatory compliance. The full integration by March 2025 allows for proper consolidation in financial statements and streamlined reporting structures.
President Andrea Langella of Juve Stabia and Daniel McClory, Executive Chairman of Brera Holdings PLC, announcing the partnership in Naples on December 9, 2024
Dublin, Ireland and Milan, Italy, Dec. 24, 2024 (GLOBE NEWSWIRE) — Brera Holdings PLC (“Brera Holdings”) (Nasdaq: BREA), an Ireland-based, Nasdaq-listed, international holding company focused on expanding its global portfolio of men’s and women’s sports clubs through a multi-club ownership (“MCO”) approach, today announced the details of its three-step acquisition process that will result in the acquisition of a majority equity ownership interest in Italian Serie B football club SS Juve Stabia SpA (“Juve Stabia” or “the Club”).
Brera Holdings previously announced the signing of a binding term sheet for the Juve Stabia acquisition at a press conference in Naples on December 9, 2024, and it marks a significant expansion of the Company’s MCO model, strategically designed to drive operational synergies, enhance shareholder value, and unlock long-term growth opportunities.
Juve Stabia, an historic Serie B football club celebrating 117 years of tradition, now known as “The Second Team of Naples,” continues to showcase its competitive strength, highlighted by last weekend’s 1-0 victory against Cesena FC. Juve Stabia now sits alone in fourth place in the Serie B table, with 28 points and 2 points over fifth-ranked US Cremonese – just behind Sassuolo, Spezia, and Pisa. The top three Serie B teams are promoted to Serie A at the end of the season, with the first two automatic qualifiers, and the third is determined by a playoff among teams finishing the season standings ranked three through six.
Key Highlights of the Acquisition Process:
- Investments and Share Purchase Agreement (“SPA”) – Brera Holdings has agreed to acquire a majority stake in Juve Stabia through share capital and reserve increases in the Club. These will be made by Brera via cash payments and issuances of BREA’s shares in a three-step process that ensures a seamless transition and continuity in club management. These three steps, upon conclusion, will give Brera Holdings 22%, 38%, and ~52% ownership of the Club. Upon completion of these three steps, Brera will be the Club’s majority shareholder, and a Shareholder Agreement with the current sole owner, Andrea Langella, will further enable integration into its multi-club framework. The first step, giving Brera 22% ownership, is expected to conclude by December 31, 2024.
- Milestone-Based Compensation – The SPA includes provisions for additional compensation to Mr. Langella tied to performance-based milestones, such as qualification for Serie B promotion playoffs and promotion to Serie A. These incentives align Brera’s interests with Juve Stabia’s competitive success, reinforcing a focus on operational excellence.
- Final Closing and Majority Control – The acquisition will conclude with a third and final closing, scheduled for March 31, 2025. At that point, Brera Holdings will secure ~52% ownership, establishing Brera as the controlling shareholder and enabling immediate integration of the Club into the Company’s multi-club framework. This phased approach ensures a seamless transition and continuity in Club management and prepares the Club for an IFRS audit according to the PCAOB guidelines for SEC disclosure filings.
Strategic Rationale for the Acquisition
Brera’s acquisition of Juve Stabia underscores its commitment to scaling its MCO model, which targets achieving potential operational efficiencies, cost synergies, and streamlined talent development across its portfolio. By integrating Juve Stabia into this model, Brera strengthens its ability to enhance revenue growth and create long-term value for shareholders.
“With Serie B’s expanding commercial prospects, Juve Stabia offers a compelling opportunity for growth,” said Daniel McClory, Executive Chairman of Brera Holdings. “We are excited to partner with local management and invest in this historic team to capitalize on player trading opportunities, potentially secure a position in the Serie B playoffs, and ultimately pursue promotion to Serie A, all of which would augment Club revenue and unlock further value for our investors.”
Looking Ahead
As Brera Holdings progresses through the Juve Stabia acquisition timeline, Mr. McClory said the Company remains committed to supporting the Club’s ambitions on and off the field. With a focus on scalable operations and strategic partnerships, we believe Brera is well-positioned to capitalize on emerging opportunities in the global football market.
ABOUT BRERA HOLDINGS PLC
Brera Holdings PLC (Nasdaq: BREA) is dedicated to expanding its social impact football business by developing a global portfolio of emerging football and sports clubs. Building on the legacy of Brera FC, which it acquired in 2022, the Company aims to create opportunities for tournament prizes, sponsorships, and professional consulting services. Brera FC, recognized as “The Third Team of Milan,” has been crafting an alternative football legacy since its founding in 2000. The club also organizes the FENIX Trophy, a nonprofessional pan-European tournament acknowledged by UEFA. This tournament, which has been referred to as “the Champions League for amateurs” by BBC Sport, has garnered significant media coverage, including from ESPN.
In its efforts to broaden its reach, Brera expanded into Africa in March 2023 by establishing Brera Tchumene FC in Mozambique, which quickly rose to the First Division after winning its post-season tournament. In April 2023, the Company acquired a 90% stake in the North Macedonian first-division team Fudbalski Klub Akademija Pandev, now known as Brera Strumica FC. Additionally, in June 2023, Brera made a strategic investment in Manchester United PLC, realizing a 74% gain. The Company has further diversified its portfolio by acquiring a majority stake in UYBA Volley, an Italian women’s professional volleyball team, in July 2023, assuming control of Bayanzurkh Sporting Ilch FC, a Mongolian National Premier League team, which became Brera Ilch FC, in September 2023, and establishing a joint stock company for the North Macedonian women’s football club Tiverija Strumica, now known as Brera Tiverija FC, a wholly-owned subsidiary of Brera Strumica FC, in June 2024.
Most recently, Brera announced plans to acquire an Italian Serie B club, having signed a binding term sheet with SS Juve Stabia SpA, “The Second Team of Naples,” targeting an initial closing within 2024. With a focus on bottom-up value creation, innovation-driven growth, and socially impactful outcomes, Brera Holdings endeavors to position itself as a forward-thinking player in the global sports landscape. For more information, visit 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.
Company Contact Information:
Dan McClory, Executive Chairman, Brera Holdings PLC
Email: dan@breraholdings.com
Investor Relations Inquiries:
Skyline Corporate Communications Group, LLC
Scott Powell, President
1177 Avenue of the Americas, 5th Floor
New York, New York 10036
Office: (646) 893-5835
Email: info@skylineccg.com
FAQ
What percentage of Juve Stabia will BREA own after completing all three acquisition steps?
After completing all three steps of the acquisition process, Brera Holdings (BREA) will own approximately 52% of Juve Stabia.
When is BREA expected to complete the first step of Juve Stabia acquisition?
The first step, which will give BREA 22% ownership, is expected to conclude by December 31, 2024.
What is Juve Stabia’s current position in Serie B and how close are they to promotion?
Juve Stabia currently sits in fourth place with 28 points, 2 points ahead of fifth-ranked US Cremonese. They are in position for potential promotion playoffs, as teams finishing 3rd through 6th qualify.
What performance-based milestones are included in BREA’s acquisition of Juve Stabia?
The acquisition includes milestone-based compensation tied to qualification for Serie B promotion playoffs and promotion to Serie A.
When will BREA complete the final closing of Juve Stabia acquisition?
The third and final closing is scheduled for March 31, 2025, when BREA will secure approximately 52% ownership.
