- 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 post-season tournament, which spoke to Brera’s keen talent eye, along with the support it offers its clubs and its players.
As of 2023, Mozambique had a population of 33.64 million and is seen as a deep reservoir of untapped football talent. Yet, its player infrastructure remained limited, with only one organization, Associação Black Bulls, actively focusing on cultivating young athletes. The gaps in this country present significant opportunities for new initiatives to develop talent and connect players with more competitive leagues globally, which is why Brera saw it fit to venture into this market.
“Our vision is to not only elevate Mozambique’s football landscape but also play a crucial role in Africa’s overall football ecosystem. We are building an operation that will attract talent, nurture excellence, and open doors for Mozambican players on the global stage,” noted Vasco Imperato, Brera Tchumene FC’s CEO (https://ibn.fm/Vq1yD).
Brera Tchumene FC will pause independent operations in official competitions following the Black Bulls’ LOI. The moves are designed to ensure sustainability, accelerate growth, and drive the long-term success of African football, optimizing resources for a stronger, more unified development pathway. It marks an exciting new chapter in the company’s mission to nurture elite talent and build lasting value in one of the world’s most promising regions (https://ibn.fm/ETBst).
Brera deeply appreciates the supporters, staff, and players of Brera Tchumene FC, whose passion and dedication have been instrumental in this journey. According to Brera’s management, their legacy will continue to inspire as Brera expands its commitment to fostering the next generation of African football stars and strengthening its global footprint in the sport.
For additional information, visit the company’s website at www.BreraHoldings.com.
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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