Brera holdings announces initial closing and execution of agreement to acquire 52 percent stake in storied italian serie b football club ss juve stabia srl “the second team of naples”

Juve stabia club president andrea langella (left) with brera holdings plc executive chairman daniel mcclory (right) dublin, ireland, and milan, italy, dec. 31, 2024 (globe newswire) -- brera holdings plc ("brera holdings" or “brera”) (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 initial closing under its agreement to acquire a 52 percent stake in italian serie b football club ss juve stabia srl, known as “the second team of naples,” ("juve stabia" or "the club") from existing majority owner xx settembre srl, the holding company of club president andrea langella. this first step in the three-stage acquisition process was today's execution of the sale and purchase and investment agreement (the “spa”), which includes immediate cash and share payments by brera holdings to juve stabia and xx settembre, and the acquisition by brera of a 22 percent ownership in the club, which will increase to 52% by the end of march 2025 subject to the satisfaction of the terms and conditions of the spa.
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