- Brera Holdings, an Ireland-based, international holding company, has signed a Letter of Intent (“LOI”) with owner Lalgy Transport to further invest in Black Bulls, a Mozambican football team and current Mocambola league champions in the top tier
- Once fulfilled, Brera will become a co-owner of the club, assisting in enhancing its competitiveness and expanding opportunities for Mozambican football domestically, throughout Africa, and abroad
Brera Holdings (NASDAQ: BREA), an Ireland-based, international holding company focused on expanding its global portfolio of men’s and women’s sports clubs through a multi-club ownership (“MCO”) approach, just announced a signed Letter of Intent (“LOI”) with owner Lalgy Transport to further invest in Black Bulls, a Mozambican football team and the current champions of the top-tier Mocambola league. Upon the fulfillment of the investment, Brera will become a co-owner of the club, strengthening it, enhancing its competitiveness, and expanding opportunities for Mozambican football domestically, in Africa, and abroad (https://ibn.fm/ETBst).
This LOI points to Brera’s understanding of the African football market and the recognition of the continent’s potential. In March 2023, the company officially entered this market by establishing Brera Tchumene FC in Mozambique. The club would quickly rise to the First Division after winning its…
NOTE TO INVESTORS: The latest news and updates relating to BREA are available in the company’s newsroom at https://ibn.fm/BREA
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