SS Juve Stabia 1907 has announced the completion of the second phase of the share transfer with Brera Holdings Plc, as established by the agreement dated December 9, 2024. With this closing, Brera Holdings has increased its stake in the club from 21,74% to 34,62%, thus further consolidating its position within the company. The first phase of the transaction was completed on December 31, 2024.
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The news was welcomed by both parties involved. Brera Executive Chairman Daniel McClory commented: “Completing this further expansion of the acquisition of Juve Stabia’s shares demonstrates our commitment to building a leading multi-club ownership platform. Juve Stabia’s rich history and competitive potential align perfectly with our strategy to scale operations and generate long-term value. We are excited to support the continued growth and success of a Serie B club like Stabia together with Chairman Andrea Langella”.
Acquisition Details
Brera Holdings Plc, a Nasdaq-listed, Irish-based international holding company, said the transaction is part of its plan to expand its global portfolio of sports clubs through a multi-club ownership approach. With the second closing, Brera Holdings has increased its ownership interest in Italian football club SS Juve Stabia, known as “The Second Team of Naples,” from an initial 21,74% to a current 34,62%. The first part of the transaction was scheduled to close on December 31, 2024.
Future perspectives
Brera Holdings’ increased stake in the Castellammare di Stabia club aligns with its expansion strategy in the Italian football landscape and aims to deliver long-term value. The transaction remains subject to approval by the relevant regulatory authorities, in order to ensure the necessary requirements for the completion of the deal.
Article published on 10 January 2025 - 17:47
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