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 a $11.50 price target, according to a new 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 (MCO) model in global football, citing favorable industry trends, improving financial performance, and strong management alignment as key factors supporting the positive outlook.

Brera's current valuation trades at approximately 1.0x FY2026 enterprise value to revenue, significantly below peer multiples of around 2.7x. This discount suggests the market has not fully priced in the company's growth potential from both its existing portfolio and future acquisition opportunities. The $11.50 price target is underpinned by FY2026 revenue estimates of $15.2 million, indicating substantial upside from current trading levels. Investors can access the full research report at https://ibn.fm/QDj1v.

The company's expansion strategy has been aggressive and global in scope. Building on the foundation of Brera FC, acquired in 2022 and known as "The Third Team of Milan," the company has rapidly expanded its footprint across multiple continents. In March 2023, Brera established Brera Tchumene FC in Mozambique, which quickly ascended to the First Division. The following month, the company acquired a 90% stake in North Macedonian first-division team Fudbalski Klub Akademija Pandev, now operating as Brera Strumica FC.

Brera's strategic investments have demonstrated strong returns, including a 74% gain from its June 2023 investment in Manchester United PLC. The diversification continued with the July 2023 acquisition of Mongolian National Premier League team Bayanzurkh Sporting Ilch FC, rebranded as Brera Ilch FC, and the September 2023 establishment of North Macedonian women's football club Tiverija Strumica as Brera Tiverija FC. The most significant expansion occurred with the December 31, 2024 agreement to acquire a majority stake in SS Juve Stabia srl, manager of Italian Serie B club Juve Stabia, known as "The Other Team of Naples." This 52% majority control position was finalized on June 20, 2025, marking a substantial enhancement of Brera's MCO platform.

The company's innovative approach extends beyond ownership to tournament organization, notably through the FENIX Trophy, a nonprofessional pan-European tournament recognized by UEFA and described by BBC Sport as "the Champions League for Amateurs." This tournament has received significant media coverage, including features on ESPN, enhancing Brera's brand visibility and social impact mission. With a focus on bottom-up value creation, innovation-driven growth, and socially impactful outcomes, Brera Holdings represents a unique investment opportunity in the evolving sports management industry, particularly as the first publicly traded multi-club ownership platform globally.