DUBLIN, IRELAND and MILAN, ITALY - Brera Holdings PLC (NASDAQ: BREA), a pioneer in professional sports multi-club ownership (MCO), announced today the immediate appointment of Maria Xing as Head of Investments and Corporate Development. Xing, a seasoned executive in the field of sports franchise acquisition, joins Brera Holdings with a wealth of experience from her tenure at 777 Partners, where she played a key role in acquiring stakes in various professional football clubs.
The CEO of Brera Holdings, Pierre Galoppi, expressed enthusiasm about Xing's addition to the team, highlighting her extensive experience and the anticipated contributions to the company's growth strategy. Xing herself voiced excitement about joining Brera Holdings and contributing to the company's vision of building a world-class MCO rooted in social impact values.
Xing's background includes significant roles in private equity, investment banking, and finance, with stints at The Raine Group, Credit Suisse (SIX:CSGN), and EY (Ernst & Young). Her sports industry experience includes working with Liverpool Football Club in international business development. She holds an MBA from the Wharton School of the University of Pennsylvania and a B.S. from New York University Stern School of Business.
Brera Holdings, known for owning the trademarked FENIX Trophy Tournament and its social impact through soccer, has been expanding its portfolio of football and other sports clubs. The company's strategy revolves around acquiring and developing emerging clubs with potential for increased tournament prizes, sponsorships, and consulting services.
Notable achievements include the establishment of Brera Tchumene FC in Mozambique, the acquisition of Fudbalski Klub Akademija Pandev in North Macedonia, and a strategic stake in Manchester United (NYSE:MANU) PLC, which was partially sold at a 74% realized gain.
The company's advisory board, established in February 2024, includes notable figures such as MLS founder Alan Rothenberg and Italian football icon Giuseppe Rossi. Brera Holdings focuses on value creation from undervalued sports clubs, business growth through innovation, and socially impactful outcomes.
This announcement is based on a press release statement and reflects Brera Holdings' continued efforts to strengthen its team and expand its global presence in the sports industry.
InvestingPro Insights
As Brera Holdings PLC (NASDAQ: BREA) welcomes Maria Xing to spearhead its investment strategies, the company's financial health and market performance remain key considerations for investors. According to InvestingPro data, Brera Holdings holds a market capitalization of 16.45 million USD.
Despite the company's pioneering role in the multi-club ownership (MCO) space, it has not been profitable over the last twelve months, with a reported operating income margin of -2264.78% for the same period. This aligns with the InvestingPro Tip that Brera is not profitable over the last twelve months.
InvestingPro Tips also highlight the company's high price volatility, which could be a factor for potential investors to consider. Brera's stock has experienced significant fluctuations, including a large price uptick over the last six months of 84.64% and a strong return over the last three months of 23.76%. However, the recent week has seen a downturn, with a 12.48% decrease in the stock’s total price return.
In terms of financial stability, Brera Holdings maintains more cash than debt on its balance sheet and its liquid assets exceed short-term obligations, which may provide some reassurance to investors about the company's ability to manage short-term financial risks. This is particularly relevant as the company continues to pursue growth through strategic acquisitions and development of its sports club portfolio.
For investors seeking more in-depth analysis, there are additional InvestingPro Tips available, which can be accessed by visiting the dedicated InvestingPro page for Brera Holdings. To enhance your investment research, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, where you'll find a comprehensive list of tips to guide your investment decisions.
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