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Brera Holdings PLC: Financial Report on Juve Stabia Acquisition Agreement

$BREA
Form 6-K
Filed on: 2025-02-13
Source
Brera Holdings PLC: Financial Report on Juve Stabia Acquisition Agreement

The financial report provides key insights regarding Brera Holdings PLC, particularly focusing on their recent agreement related to the acquisition of the Italian football club, Juve Stabia. Here are the extracted highlights:

  1. Company Overview:
  • Brera Holdings PLC, incorporated in Ireland, is engaging in the acquisition of the Italian Serie B football club, Juve Stabia.
  1. Recent Agreement:
  • On February 11, 2025, Brera entered into an amendment agreement with XX Settembre Holding S.r.l. This agreement modifies a prior sale and purchase agreement (SPA) initially dated December 31, 2024, and subsequently amended on January 10, 2025.
  1. Transaction Details:
  • The agreement includes a change in the closing date for the acquisition, moving it from January 31, 2025, to February 11, 2025.
  • During this third closing, Brera paid €500,000 to XX Settembre and increased its equity ownership in Juve Stabia to 38.46%.
  1. Legal Provisions:
  • The Amendment Agreement includes standard covenants and representations and warranties typical for such agreements.
  1. Disclosures:
  • The Amendment Agreement is filed as an exhibit to the report (Exhibit 1.1).
  • A press release regarding the third closing was issued on February 12, 2025, which is also attached (Exhibit 99.1).
  1. Regulatory Compliance:
  • This report is filed under Form 6-K as required by the Securities Exchange Act of 1934.
  1. Signatory:
  • The report is signed by Pierre Galoppi, the Chief Executive Officer of Brera Holdings PLC.

These points highlight Brera Holdings' strategic move in the sports investment sector and provide an update on the company's ownership stake in Juve Stabia, reflecting its ongoing commitment to expanding its presence in the football industry.