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As Manchester United takeover saga continues, Brera Holdings makes strategic investment

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Brera Holdings has invited Manchester United’s board to a briefing on what Brera describes as its “social impact football” business model.

Dublin, Ireland-based Brera Holdings PLC has made a strategic investment in Manchester United, the Irish company announced Tuesday.

“We... Dublin, Ireland-based Brera Holdings PLC has made a strategic investment in Manchester United, the Irish company announced Tuesday. “We believe that our strategic investment in MANU at this time has potential for value creation and eventual realization, and we look forward to briefing their board on ways to achieve that,” said Brera Holdings CEO Sergio Scalpelli, in a statement.MarketWatch has contacted Manchester United with a request for comment on this story.

Shares of Manchester United Ltd. rallied 2.9% Tuesday after ending Monday’s session down 4.1%. Brera Holdings’ stock fell 13.3% Tuesday.The protracted takeover battle for Manchester United is now in its eighth month. Sheikh Jassim, the chair of Qatar Islamic Bank and the son of a past prime minister of Qatar, and Jim Ratcliffe, the chief executive of the chemical giant Ineos, have made rival bids for Manchester United, which is currently owned by the Glazer family, based in Florida.

 

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