BRERA HOLDINGS PLANS TO ACQUIRE EUROPEAN FIRST-DIVISION FOOTBALL TEAM AKADEMIJA PANDEV
DUBLIN, MILAN and STRUMICA, NORTH MACEDONIA, Feb. 15, 2023 (GLOBE NEWSWIRE) -- Brera Holdings PLC (“Brera Holdings” or the “Company” Nasdaq: BREA) today announced its first planned acquisition with the signing of a Letter of Intent (the “LOI”) to acquire the European first division football team Fudbalski Klub Akademija Pandev (“Akademija Pandev”) in North Macedonia, a country which has the right to participate in the three major UEFA competitions.
- DUBLIN, MILAN and STRUMICA, NORTH MACEDONIA, Feb. 15, 2023 (GLOBE NEWSWIRE) -- Brera Holdings PLC (“Brera Holdings” or the “Company” Nasdaq: BREA) today announced its first planned acquisition with the signing of a Letter of Intent (the “LOI”) to acquire the European first division football team Fudbalski Klub Akademija Pandev (“Akademija Pandev”) in North Macedonia, a country which has the right to participate in the three major UEFA competitions.
- Goran Pandev, the founder and owner of Akademija Pandev, is an independent member of the Board of Directors of Brera Holdings who had a storied career as football player for Inter Milan, and in 2021 he became the first Macedonian to score 100 goals in one of the top five European football leagues.
- In August 2022 Brera Holdings’ subsidiary Brera Milano srl entered into a Sponsorship Agreement with Akademija Pandev that allowed the Company to provide consulting and other football-related services to the team, while receiving visibility, brand awareness and communications exposure in Macedonia for the Brera FC brand.
- Brera Holdings expects to enter into definitive agreements for the acquisition of Akademija Pandev and to close the acquisition within the first half of 2023.