Official
There SS Juve Stabia 1907 announces the closure of the first phase of the transfer of company shares to Brera Holdings with the notarial signatures which took place late this morning, Tuesday 31 December 2024, of the transfer of 22% of the club’s shares. Following the press conference on 9 December of the current month, the company headed by Daniel McClory has fulfilled the agreements signed which will lead Brera to reach a total 38% of the shares by 31 January 2025 and 52% of the shares by March 31, 2025.
The president gives his personal welcome to the company Andrea Langella who declares: “We are satisfied with the work done in mutual agreement with Brera Holdings with the fundamental support of Zephiro Investments and its founding partner Joseph Grosso. I am happy to have made a company with an important history like Juve Stabia international, which in its 117 years of history had never had a foreign partner, with a view to further improving our brand and taking it to an international level. I personally welcome Daniel McClory to the company who today becomes a member of our Board of Directors which will see Filippo Polcino himself as president, now Sole Director, and the current operational director Oreste La Stella as advisor on our side. I tell our fans that today, more than before, they can even invest in Juve Stabia by acquiring Brera shares and this with a view to further growth of our club”.
To accompany our official press release, we attach the closing press release drawn up by Brera at 4.24 pm (Italian time) on 31 December 2024: “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. The transaction aligns with Brera’s strategic vision to drive revenue growth, operational efficiencies, and long-term value creation through its MCO platform.
“The initial closing marks a pivotal step in our majority investment in Juve Stabia,” said Daniel McClory, Founder and Executive Chairman of Brera Holdings. “We are privileged to partner with President Andrea Langella, an accomplished entrepreneur, alongside Juve Stabia’s existing management and invest in this historic club. We plan to capitalize on player development opportunities, leveraging Juve Stabia’s strong foundation and current competitive position in Serie B. This investment reflects our confidence in Juve Stabia’s potential to deliver robust contributions to Brera Holdings and our shareholders in 2025 and beyond.”
Zephiro Investments, with its founding partner Joseph Grosso, provided Juve Stabia with M&A advisory services. Barone & Associati served as Italian legal counsel to the Club. BonelliErede acted as Italian legal counsel for Brera Holdings PLC, with Bevilacqua PLLC serving as Brera’s US legal advisors.