Brera Holdings enters LOI to acquire, re-brand Bayanzurkh FC

Brera Holdings’ wholly-owned subsidiary Brera Milano has signed an exclusive Letter of Intent with Mongolia’s Bayanzurkh Sporting Ilch FC to acquire the club before the resumption of the football season in March 2024 after the winter break. Bayanzurkh FC, located in Mongolia’s capital Ulaanbaatar, was founded in 2020 and was recently promoted to the Mongolian National Premier League, the top-tier professional football league of Mongolia. Brera Milano intends to manage Bayanzurkh FC’s sports activities through the transformation of the club from a sports association into a limited liability company. The LOI is subject to rebranding the club with “Brera” in its name before the resumption of the football season in March 2024. The acquisition, when finalized, will bring the Brera brand to Asia, adding a third continent to its currently top-ranked Brera teams in Europe and Africa. Brera Strumica in the North Macedonian First Division and Brera Tchumene in Mozambique’s Second Division are both leading the standings in their respective leagues. In addition to Mongolia, Brera is exploring new opportunities in the Americas, potentially bringing Brera Holdings’ unique Nasdaq-listed multi-club ownership model to an even broader global audience of investors and fans.