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 highlights Brera's pioneering multi-club ownership model in global football, citing favorable industry trends, improving revenues and profitability, and strong management alignment as key factors supporting the positive assessment.
Currently trading at approximately 1.0x FY2026 enterprise value to revenue compared to peer multiples around 2.7x, Brera's valuation appears discounted relative to its growth potential. The $11.50 price target is underpinned by FY2026 revenue estimates of $15.2 million, suggesting the market has not fully priced in the company's expansion opportunities from both its existing portfolio and future acquisitions. The full research report is available at https://ibn.fm/QDj1v.
Brera Holdings has been strategically expanding its football club portfolio through acquisitions and investments across multiple continents. The company acquired Brera FC in 2022, known as "The Third Team of Milan," which organizes the FENIX Trophy tournament recognized by UEFA and described by BBC Sport as "the Champions League for Amateurs." This expansion continued with the establishment of Brera Tchumene FC in Mozambique, which rapidly advanced to the First Division, and the acquisition of a 90% stake in North Macedonian first-division team Fudbalski Klub Akademija Pandev, now operating as Brera Strumica FC.
The company's strategic investments have demonstrated strong returns, including a 74% gain from its investment in Manchester United PLC. Additional portfolio diversification includes control of Mongolian National Premier League team Bayanzurkh Sporting Ilch FC, now Brera Ilch FC, and the establishment of a women's football club in North Macedonia through Brera Tiverija FC. The most significant expansion occurred with the acquisition of a 52% majority stake in SS Juve Stabia srl, which manages Italian Serie B football club Juve Stabia, known as "The Other Team of Naples." This acquisition, finalized on June 20, 2025, represents a major milestone in Brera's multi-club ownership strategy.
Brera's approach focuses on bottom-up value creation, innovation-driven growth, and socially impactful outcomes, positioning the company as a forward-thinking leader in the global sports industry. The company's website at https://www.breraholdings.com provides additional information about its operations and strategy. The latest news and updates relating to BREA are available in the company's newsroom at http://ibn.fm/BREA.
The Outperform rating and substantial price target from PartnerCap Securities indicate growing institutional confidence in Brera's unique business model and execution capabilities. This development matters because it validates the multi-club ownership approach as a viable investment strategy in the global sports market, potentially influencing how investors view football club ownership structures worldwide. The significant valuation gap between Brera and its peers suggests substantial upside potential for investors who recognize the company's growth trajectory and innovative approach to sports franchise management.
