The company said, “Brera Holdings (BREA) reports that its newest portfolio club, S.S. Juve Stabia, has emerged as the most financially efficient club in Serie B in terms of cost per point. Juve Stabia, also known as ‘The Second Team of Naples,’is currently positioned in a playoff-qualifying sixth place in the Serie B standings. With an annual wage bill of EUR 5.63M and 36 points to date this season, Juve Stabia boasts an impressive wage cost per point of just EUR 156,389-the lowest in the league. This financial efficiency underscores Juve Stabia’s strong financial discipline, especially when compared to other clubs in Serie B – according to Capology data. In contrast, higher-spending clubs such as 17th-placed Salernitana and 14th-placed Sampdoria rank at the bottom of the cost per point index at EUR 715,714 and EUR 710,000 per point, respectively. On February 12th, Brera Holdings announced the third closing in its multi-step transaction to acquire a majority stake in Juve Stabia. Following this closing, Brera Holdings now holds a 38.46% equity ownership interest in the club.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BREA:
- Brera Holdings Expands Stake in Italian Football Club Juve Stabia
- Brera Holdings, Juve Stabia strengthen relationship with Castellammare di Stabia
- Brera Holdings Receives Nasdaq Compliance Notice
- Brera Holdings announces Executive Chairman McClory presented strategic vision
- Brera Holdings provides an update on UYBA Women’s Pro Volleyball
Questions or Comments about the article? Write to editor@tipranks.com