Brera Holdings (BREA) 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. 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. 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 Brera’s shares in a three-step process that ensures a 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. The SPA includes provisions for additional compensation to Langella tied to performance-based milestones. 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.
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