Brera Holdings Receives Outperform Rating with $11.50 Price Target from PartnerCap Securities

PartnerCap Securities has initiated coverage of Brera Holdings PLC (NASDAQ: BREA) with an Outperform rating and $11.50 price target in a research report titled "Kicking off a Global Value Play: Early Entry into the World's First Public MCO Platform." The report emphasizes Brera's pioneering multi-club ownership model in global football, citing favorable industry trends, improving revenue and profitability metrics, and strong management alignment as key factors supporting the positive outlook.

Currently trading at approximately 1.0x FY2026 enterprise value to revenue compared to peer multiples of around 2.7x, Brera's valuation is viewed as not fully reflecting the growth potential from its existing portfolio or future acquisition opportunities. The $11.50 price target is underpinned by FY2026 revenue estimates of $15.2 million, suggesting significant upside potential from current trading levels. The full research report detailing these findings is available at https://ibn.fm/QDj1v.

Brera Holdings has been strategically expanding its football portfolio through a series of acquisitions and investments across multiple continents. The company acquired Brera FC in 2022, known as "The Third Team of Milan," which has been building an alternative football legacy since 2000. The club also organizes the FENIX Trophy, a nonprofessional pan-European tournament recognized by UEFA and described by BBC Sport as "the Champions League for Amateurs," receiving significant media coverage including from ESPN.

The company's expansion strategy continued in March 2023 with the establishment of Brera Tchumene FC in Mozambique, which rapidly advanced to the First Division after winning its post-season tournament. In April 2023, Brera acquired a 90% stake in North Macedonian first-division team Fudbalski Klub Akademija Pandev, now operating as Brera Strumica FC. The company further demonstrated strategic acumen with a June 2023 investment in Manchester United PLC that generated a 74% gain.

Additional portfolio diversification occurred in July 2023 when Brera assumed control of Bayanzurkh Sporting Ilch FC, a Mongolian National Premier League team renamed Brera Ilch FC. In September 2023, the company established a joint stock company for North Macedonian women's football club Tiverija Strumica, now known as Brera Tiverija FC and operating as a wholly-owned subsidiary of Brera Strumica FC since June 2024.

The most significant expansion occurred on December 31, 2024, when Brera executed an agreement to acquire a majority stake in SS Juve Stabia srl, the company managing Italian Serie B football club Juve Stabia, also known as "The Other Team of Naples." The acquisition of Brera's 52% majority control position was finalized on June 20, 2025, following a multi-step process that represents a substantial expansion of the company's multi-club ownership model. With a strategic focus on bottom-up value creation, innovation-driven growth, and socially impactful outcomes, Brera Holdings has positioned itself as a forward-thinking leader in the global sports industry. Additional information about the company is available at https://www.breraholdings.com.