Denver, Colorado--(Newsfile Corp. - May 16, 2024) - 247marketnews.com, a pioneer in digital media dedicated to the swift distribution of financial market news and information, today publishes a news report on sports centric investment banking and the growing Multi Club Ownership ("MCO") movement and companies playing a key role, featuring Brera Holdings PLC (NASDAQ: BREA), a company democratizing MCO.
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Brera Holdings (NASDAQ: BREA)
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Brera Holdings PLC (NASDAQ: BREA) is democratizing sports ownership with its high transparency model and they're on an acquisition spree; buying professional football (soccer) teams in Macedonia, Mongolia and Mozambique and a women's professional volleyball team. Brera also has a $100 million shelf offering to acquire a second-tier team or two.
Pierre Galoppi, Brera's CEO stated, "In January 2024, we announced that we would begin the process of acquiring a team in the Italian Serie BKT, managed by Lega Nazionale Professionisti Serie B ("Serie B"). We can confirm at this time that we have initiated and are well along on this process with several top caliber and storied teams. In compliance with confidentiality agreements signed with these organizations and with applicable laws, we are not in the position to comment on the latest third-party statements about Brera's initiative.
"We remain true to our word and agreements and will be delighted to provide a complete announcement as soon as we are legally in a position to do so."
Brera created an all-star Advisory Board, including Alan Rothenberg, sports business leaders Paul Tosetti and Marshall Geller, football icon, Giuseppe Rossi, and luxury lifestyle executive, Massimo Ferragamo, to aid the Company with this acquisition and other business matters. The Company also strengthened it management team, added Maria Xing, its new Head of Investments and Corporate Development, a leading international sports team acquisition specialist.
Maria Xing- Brera's Head of Investments and Corporate Development specialized in MCO football (soccer) group investments; priorly with Liverpool Football Club in international business development.
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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.
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SOURCE: 24/7 Market News
