Brera Holdings Secures Majority Stake in Italian Football Club SS Juve Stabia
In a significant move, Brera Holdings has outlined a three-phase acquisition process to secure a majority equity ownership interest in Italian Serie B football club SS Juve Stabia. This development follows the company’s announcement of a binding term sheet for the acquisition at a press conference in Naples on December 9.
A Strategic Acquisition Process
The acquisition will be facilitated through share capital and reserve increases in the club, with Brera Holdings making cash payments and issuing its own shares in three stages. This phased approach ensures a seamless transition and continuity in club management, preparing the club for an IFRS audit according to PCAOB guidelines for SEC disclosure filings.
Phased Ownership Structure
Upon completion of the three stages, Brera Holdings will hold 22%, 38%, and eventually 52% ownership of the club. The first stage, granting Brera 22% ownership, is expected to conclude by December 31. A shareholder agreement with current sole owner Andrea Langella will enable integration into Brera’s multi-club framework.
Performance-Based Milestones
The Share Purchase Agreement (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 which point Brera Holdings will secure 52% ownership, establishing the company as the controlling shareholder.
A New Era for SS Juve Stabia
With Brera Holdings at the helm, SS Juve Stabia is poised for growth and success. The company’s multi-club framework will provide a solid foundation for the club’s development, and the phased acquisition process ensures a smooth transition for all stakeholders involved.
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