Seasoned Investment Banker Dan McClory Acquires Majority Stake in Brera Holdings
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Insights
The acquisition of a majority stake by Brera Holdings' Executive Chairman, Daniel J. McClory, is a significant financial event that could potentially influence the company's stock performance. McClory's increased investment to a 54.5% ownership stake and control of 83.7% of voting rights represents a strong vote of confidence in the company's direction and future growth prospects. Given McClory's extensive background in investment banking and international finance, this move may be interpreted by investors as a bullish signal, suggesting that the company may have strategic plans that could enhance shareholder value.
McClory's global experience and the expansion of Brera's Advisory Board with international business leaders could facilitate the company's international focus and expansion. This could lead to diversification of revenue streams and potential resilience against market-specific risks. However, investors should also consider the implications of such concentrated ownership, as it might lead to significant influence over corporate decisions by a single entity, potentially affecting minority shareholder interests.
Brera Holdings operates within the sports industry as a multi-club ownership (MCO) entity, a relatively novel concept in the realm of global football. The MCO model allows for synergies between clubs in terms of marketing, talent development and commercial strategies. McClory's investment and the company's strategic shift towards internationalization could capitalize on the growing global interest in football, tapping into new markets and fanbases. This could lead to increased brand recognition and revenue generation from merchandise sales, broadcasting rights and sponsorships.
However, it's essential to analyze the competitive landscape, as the sports industry is highly competitive with established players. Brera's success will depend on its ability to effectively manage multiple clubs, leverage economies of scale and maintain competitive performance on the field, which ultimately drives fan engagement and revenue.
With Daniel J. McClory's acquisition of a majority stake in Brera Holdings, it is crucial to consider the legal and regulatory implications of such a transaction. The consolidation of voting power in the hands of the Executive Chairman raises questions about corporate governance and the balance of power within the company. Regulatory bodies may scrutinize the transaction to ensure compliance with securities laws and regulations concerning market concentration and disclosure requirements.
Furthermore, the international scope of the company's operations and its plans for expansion necessitate careful navigation of various legal jurisdictions and compliance with foreign investment regulations. The company must also be mindful of the legal complexities surrounding the ownership and management of multiple football clubs, including player contracts, intellectual property rights and league regulations.
Brera’s Executive Chairman triples his investment
DUBLIN, Ireland and MILAN, Italy, March 06, 2024 (GLOBE NEWSWIRE) -- Brera Holdings PLC (“Brera Holdings”, “Brera” or the “Company”) (Nasdaq: BREA) announces today that its Executive Chairman, Daniel J. McClory, an experienced figure in the investment banking world, has acquired a majority stake in Brera Holdings, the first publicly-traded multi-club ownership (“MCO”) company in global football (American soccer).
“I believe that this strategic move underscores the robust confidence Mr. McClory places in Brera's potential and heralds in a new era of international focus and expansion beyond the Company’s Italian roots,” stated Pierre Galoppi, Brera’s Chief Executive Officer.
Daniel J. McClory is an international investor, investment banker and venture philanthropist, who brings unparalleled expertise, vision, and commitment to Brera, as evidenced by this recent acquisition of 4,550,000 Class A Ordinary Shares, for a total holding of 6,850,000 Class A Ordinary Shares, cementing a
Mr. McClory has extensive experience founding and financing growth companies and executing equity capital markets and merger & acquisition transactions. Dan's principal and advisory deals have spanned North and South America, Europe, Africa and Asia. His teams have ranked in the Top Ten of league tables for placement agents and won “Deal of the Year” at the M&A Advisor Awards.
Dan has completed IPOs and transactions for clients listed on Nasdaq, the NYSE, the London Stock Exchange, Toronto Stock Exchange, the Stock Exchange of Hong Kong, Euronext Growth, and the Irish Stock Exchange. As Founder and CEO of Irvine, California-based Boustead & Company Limited, he has led the firm’s expansion into Singapore, the UK, Switzerland, Mauritius, Monaco and Latin America.
Mr. McClory serves on the Boards of the USA Track & Field Foundation, the Eastern Michigan University Champions Advisory Board, the American Foundation of Savoy Orders, and the Alder Foundation, where he listed the first-ever foreign-funded, venture philanthropy-backed IPO on Bovespa's Social Stock Exchange in Brazil. He is a dual U.S and Italian citizen.
Mr. Galoppi concluded, “This exciting development coincides with the welcoming of esteemed international business leaders to our Advisory Board, who not only support the Brera mission and understand the inimitable opportunities but are committed to enhancing our strategic capabilities to best position Brera for success. Together, we look forward to a future defined by growth, sustained innovation, and global reach, empowered by the trust and leadership of Mr. McClory and our all-star Advisory Board.”
ABOUT BRERA HOLDINGS PLC
Brera Holdings PLC (Nasdaq: BREA) is focused on expanding its social impact football (American soccer) business by developing a global portfolio of emerging football and other sports clubs with increased opportunities to earn tournament prizes, gain sponsorships, and provide other professional football- and sports-related consulting services.
The Company seeks to build on the legacy and brand of Brera FC, the first football club that was acquired by the Company in 2022. Brera FC, known as "The Third Team of Milan," is an amateur football association which has been building an alternative football legacy since its founding in 2000. The Company owns the trademarked FENIX Trophy Tournament, a non-professional pan-European football competition recognized by UEFA, inaugurated in September 2021 and organized by Brera FC. "FENIX" is an acronym for "Friendly European Non-professional Innovative Xenial." BBC Sport has called the FENIX Trophy "the Champions League for amateurs," and Brera FC hosted the 2023 finals at Milan's legendary San Siro Stadium. In October 2022, the Internet Marketing Association at its IMPACT 22 Conference named Brera FC as its award recipient for "Social Impact Through Soccer," recognizing the Company's focus at an international level with this distinction.
In March 2023, the Company expanded to Africa with the establishment of Brera Tchumene FC, a team then admitted to the Second Division League in Mozambique, a country of nearly 32 million people. Brera Tchumene FC won its post-season tournament and in November 2023 was promoted to Mocambola, the First Division in Mozambique. In April 2023, the Company acquired
In June 2023, Brera acquired a strategic stake in Manchester United PLC. In July 2023, the Company completed the acquisition of a majority ownership in the Italian Serie A1 women's professional volleyball team UYBA Volley S.s.d.a.r.l. In September 2023, the Company assumed control of Bayanzurkh Sporting Ilch FC, a team in the Mongolian National Premier League, which will become Brera Ilch FC when the football season resumes in March 2024. In January 2024, the Company announced the launch of a proactive search for an Italian Serie B football club target designed to bring multi-club ownership of the highest tiers of professional sports ownership to mass investors through the Company's Nasdaq-listed shares. The Company is focused on bottom-up value creation from undervalued sports clubs and talent, innovation-powered business growth, and socially-impactful outcomes. See www.breraholdings.com
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements that are subject to various risks and uncertainties. Such statements include statements regarding the Company's ability to grow its business and other statements that are not historical facts, including statements which may be accompanied by the words "intends," "may," "will," "plans," "expects," "anticipates," "projects," "predicts," "estimates," "aims," "believes," "hopes," "potential" or similar words. Actual results could differ materially from those described in these forward-looking statements due to a number of factors, including without limitation, the Company's ability to continue as a going concern, the popularity and/or competitive success of the Company's acquired football and other sports teams, the Company's ability to attract players and staff for acquired clubs, unsuccessful acquisitions or other strategic transactions, the possibility of a decline in the popularity of football or other sports, the Company's ability to expand its fanbase, sponsors and commercial partners, general economic conditions, and other risk factors detailed in the Company's filings with the SEC. The forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake any responsibility to update such forward-looking statements except in accordance with applicable law.
CONTACT INFORMATION:
FOR MEDIA AND INVESTOR RELATIONS
Pierre Galoppi, Chief Executive Officer
Brera Holdings PLC
pierre@breraholdings.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1fb03d4a-88ca-4568-a9c5-b0d84e0c946a
FAQ
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