Brera PLC(BREA) GlobeNewswire·2025-04-18 00:05Core Viewpoint - Brera Holdings PLC and its portfolio club SS Juve Stabia express deep sorrow and solidarity following a tragic cable car accident in Castellammare di Stabia, which resulted in multiple fatalities and injuries [3][4][5]. Group 1: Incident Details - The cable car accident was caused by a snapped traction cable, leading to the fall of an ascending cabin, resulting in at least four deaths and one critical injury [4]. - A descending cabin carrying eight passengers and an operator was safely evacuated, and the cable car line had just reopened for the tourist season a week prior to the incident [4]. Group 2: Company Response - Juve Stabia will wear black armbands during their upcoming home match against Sampdoria as a gesture of respect, and has requested a minute of silence before kickoff [6]. - Brera Holdings' Executive Chairman Dan McClory has reached out to the Mayor of Castellammare di Stabia to offer condolences and reaffirm the company's commitment to the city during this difficult time [5][6]. Group 3: Company Background - Brera Holdings PLC focuses on expanding its global portfolio of sports clubs through a multi-club ownership approach, with a commitment to social impact in football [7]. - The company has made significant investments in various sports teams, including a 90% stake in a North Macedonian team and a strategic investment in Manchester United PLC, realizing a 74% gain [8]. - As of February 12, 2025, Brera Holdings holds a 38.46% equity ownership interest in SS Juve Stabia, marking a significant expansion of its multi-club ownership model [9].