2024-02-14 14:33:35 ET
Denver, CO, February 14, ( 247marketnews.com ) ( NASDAQ:BREA ) The stock exploded late after hours yesterday, hitting a high of $6.11 before retreating back mid-day lows of $1.54 . The stock traded almost 26 million shares as it heads into the close. The float is estimated to be 3.25 million and currently the stock appears to be in an uptrend. The stock is still up 54% on the day at $1.64 and the chart indicates a nice volatility range for trading.
The company recently announced. That one year ago it became the first Italian football team to IPO on Nasdaq, today describes the benefits of being a publicly traded multi-club ownership (“MCO”) company for global professional football (American soccer), which is democratizing sports club ownership like never before. This innovative approach allows fans and investors alike to hold a stake in a diversified portfolio of professional sports clubs, marking a shift from the exclusive realm of billionaire investors to the accessible domain of the public markets.
Through its Nasdaq-listed shares, Brera Holdings offers shareholders the unique opportunity to access the sports industry’s lucrative aspects which were previously out of reach to retail investors. The Company’s strategic execution of the MCO model is designed to 1) enhance operational efficiencies and resource allocation across its portfolio, 2) broaden and deepen revenue sources, and 3) leverage the pronounced valuation gap between top-tier and second-tier soccer clubs, aiming to deliver superior returns to its investors. Brera’s acquisition strategy is as ambitious as it is strategic, targeting men’s soccer clubs in varied locales, from the historical Brera FC in Milan, Italy to newer ventures in Mozambique, Mongolia and North Macedonia. This not only taps into soccer’s universal appeal but also opens up a myriad of potential revenue avenues through tournament wins, player transfer fees, and sponsorship deals, among others.
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GOOOOOOOAL! Soccer Fans Excite the Market