Financial Data and Key Metrics Changes - Cannae's stock closed at $19.88, trading at a 26.6% discount to NAV per share, which is the narrowest discount in over three years, compared to a near 40% discount when the strategic plan was announced [7][8] - Total operating revenue for the first quarter was $110,000,000, a 6.6% decrease from the prior year [27] - Alight reported total revenue of $528,000,000 for 2025, a 2% decrease from 2024, with a net loss of $1,000,000,000 primarily due to a non-cash impairment of goodwill [24][25] Business Line Data and Key Metrics Changes - Cannae repurchased 7,600,000 shares, approximately 12% of outstanding shares, returning $150,000,000 to shareholders at an average price of $19.71 per share, which is a 30% discount to NAV [12] - Alight's adjusted EBITDA was $127,000,000 for 2025, a 21% increase compared to the prior year quarter [24] - Walk-ins delivered mid single-digit growth in net sales and high single-digit growth in EBITDA compared to the first six months of 2024 [26] Market Data and Key Metrics Changes - AFC Bournemouth finished ninth in the Premier League with 56 points, a club record, and saw match day and commercial revenue increase by 81% since acquisition [16][17] - BKFC completed a $130,000,000 capital raise, with Cannae committing $50,000,000, and plans to renovate the Vitality Stadium, increasing capacity from over 11,000 to approximately 17,000 [15][20] Company Strategy and Development Direction - Cannae's strategic plan focuses on rebalancing the portfolio away from public company investments, investing in attractive companies, and returning capital to shareholders [7][11] - The company aims to close the stock price to NAV gap and deliver long-term NAV growth through share buybacks and dividends [12][13] - Cannae plans to acquire an additional 30% stake in JANNA for $67,500,000, bringing total ownership to 50% [13][14] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the long-term value of the JANNA franchise and the potential for proprietary investment opportunities [39][40] - The company acknowledged challenges in the restaurant segment, particularly with O'Charley's, and is actively working on improvements [28][59] - Management remains committed to executing the strategic plan and believes there is significant upside as they position Cannae as a permanent capital vehicle [63] Other Important Information - Cannae has returned approximately $414,000,000 in total share buybacks and dividends since announcing the strategic plan [13] - The company expects to close the D&B transaction in the third quarter, which will provide significant capital for shareholder returns [9][30] Q&A Session Summary Question: Any decision on capital return related to D&B? - Management is considering options for capital return, including share buybacks and potential tender offers, with $150,000,000 already allocated for buybacks [32][33] Question: Update on public portfolio monetizations? - Management indicated that they have sold about $1,100,000,000 in public securities and are not in a rush to sell remaining public stakes [36] Question: Update on JANNA partnership and investment opportunities? - Management is optimistic about potential investment opportunities arising from the JANNA partnership and is exploring various avenues for capital deployment [39][40] Question: Motivation for continued participation in BKFC capital raises? - Cannae views BKFC as an important investment and plans to continue participating in future capital raises to maintain a significant ownership stake [42][43] Question: Any updates on the annual shareholders meeting? - The date for the upcoming annual shareholders meeting will be announced after the D&B transaction closes, expected later in the fall [45][46]

So there's always a spike in interest. Um the World Cup does bring in a a broader audience who follow national teams. Um and um you know that's whether that's players when they come back to the the Premier League or individual players.It normally gives everybody a spike including the Premier League and we'll be we'll be hoping for that uh that boost next summer as well. Um it's a great time I think for for football soccer in this country. You've had the Club World Cup.Um lots of attention. uh the World Cup ...

Barcelona agree shirt sponsorship deal with DR Congo https://t.co/U68bUHFrY6 ...

Financial Commitment - Nigerian women footballers promised $100 thousand each [1]

Core Insights - Brera Holdings PLC has become the second multi-club ownership (MCO) entity in Italy's Serie B League, acquiring SS Juve Stabia, while City Football Group holds Palermo FC, indicating a competitive landscape in the soccer market [2][3] Group 1: Company Overview - Brera Holdings is an Ireland-based international holding company focused on expanding its portfolio of men's and women's football clubs through a multi-club ownership strategy [2][7] - The company aims to create opportunities for tournament prizes, sponsorships, and professional consulting services, building on the legacy of Brera FC, which it acquired in 2022 [7] Group 2: Recent Developments - Brera's portfolio club, SS Juve Stabia, recorded a 245% increase in market value over the 2024-25 season, reaching a valuation of US$32 million [4][6] - The squad value of Juve Stabia surged from US$9.3 million after promotion from Serie C to Serie B, driven by strong on-field performance [5] Group 3: Strategic Expansion - Brera has expanded its reach into Africa by establishing Brera Tchumene FC in Mozambique, which quickly rose to the First Division [8] - The company has made strategic investments in various clubs, including a 90% stake in Fudbalski Klub Akademija Pandev in North Macedonia and a joint stock company for Tiverija Strumica [8] Group 4: Ownership and Control - Brera executed an agreement to acquire a majority stake in SS Juve Stabia, concluding the acquisition process on June 20, 2025, marking a significant expansion of its MCO model [9]

Core Insights - Brera Holdings PLC has become the second multi-club ownership (MCO) entity in Italy's Serie B League, alongside City Football Group, enhancing its competitive positioning in the football industry [1][2] - The company's portfolio club, S.S. Juve Stabia, has achieved a remarkable 245% increase in market value, reaching US $32 million, marking the highest valuation growth in Serie B for the 2024-25 season [3][4] - Brera Holdings is actively expanding its global portfolio, having made strategic acquisitions and investments in various football clubs across different regions, including Africa and North Macedonia [8][9] Company Developments - Brera Holdings acquired a 52% majority stake in SS Juve Stabia, finalizing the acquisition on June 20, 2025, which is a significant step in the company's MCO strategy [9] - The company has established a presence in Africa with the creation of Brera Tchumene FC in Mozambique, which quickly ascended to the First Division [8] - Brera's strategic investments include a 90% stake in Fudbalski Klub Akademija Pandev in North Macedonia and a joint stock company for the women's football club Tiverija Strumica [8] Market Positioning - Brera Holdings is positioned as a forward-thinking leader in the global sports industry, focusing on bottom-up value creation and socially impactful outcomes [9] - The company aims to leverage its ownership of Juve Stabia to enhance its competitiveness in professional football, as indicated by the significant valuation increase [5] - The recent Serie B Owners' Meetings facilitated networking opportunities with other club owners and provided insights into trends affecting the league [2]

Deal Overview - Harburg Group acquired a Saudi Pro League football club, marking a first-of-its-kind deal for the kingdom [1]

Core Insights - Brera Holdings PLC is expanding its portfolio of football clubs through a multi-club ownership strategy, with a focus on Juve Stabia, which is preparing for the 2025/26 Serie B season with key signings and a new head coach [3][11] - The company has made significant investments in various football clubs globally, including recent acquisitions in Africa and North Macedonia, and a strategic investment in Manchester United PLC [9][11] Group 1: Company Developments - Brera Holdings has acquired a 52% majority stake in SS Juve Stabia, marking a significant expansion of its multi-club ownership model [11] - The new head coach of Juve Stabia, Ignazio Abate, is recognized as a promising prospect in Italian football, previously playing for AC Milan and Napoli [4][10] - Sporting director Matteo Lovisa has committed to an additional two years with Juve Stabia, indicating stability in the club's management [3] Group 2: Player Transfers and Performance - Notable signings for Juve Stabia include goalkeeper Alessandro Confente, who was the best goalkeeper in Serie C last year, and striker Tomi Petrovic [5] - The team has sold several players at the end of their loans, including goalkeepers Thiam and Matosevic, and forwards Sgarbi and Dubickas [6] - A significant capital gain was realized from the sale of forward Andrea Adorante, who scored 30 goals in 18 months before being sold to Venezia [7] Group 3: Strategic Initiatives - Brera Holdings aims to create opportunities for tournament prizes, sponsorships, and professional consulting services through its football clubs [8] - The company has expanded into Africa with the establishment of Brera Tchumene FC in Mozambique, which quickly rose to the First Division [9] - Brera Holdings has diversified its portfolio by acquiring a 90% stake in Fudbalski Klub Akademija Pandev in North Macedonia and establishing a joint stock company for a women's football club [9]

Group 1 - Brera Holdings PLC is focused on expanding its global portfolio of men's and women's football clubs through a multi-club ownership strategy [2][9] - The company has appointed Ignazio Abate as the new head coach for SS Juve Stabia, a promising prospect in Italian football [3] - Juve Stabia has made several key signings for the 2025/26 Serie B season, including goalkeeper Alessandro Confente, right-back Lorenzo Carissoni, and striker Tomi Petrovic [4] Group 2 - The team sold several players at the end of their loans, including goalkeepers Thiam and Matosevic, and forwards Sgarbi and Dubickas [5] - A significant capital gain was achieved through the sale of forward Andrea Adorante to Venezia, who scored 30 goals in 18 months [6] - Brera Holdings has expanded its reach by establishing clubs in Africa and acquiring stakes in various teams, including a 90% stake in Fudbalski Klub Akademija Pandev [8] Group 3 - The acquisition of a majority stake in SS Juve Stabia was completed on June 20, 2025, marking a significant expansion of Brera's multi-club ownership model [9] - Brera Holdings aims to create opportunities for tournament prizes, sponsorships, and professional consulting services through its football business [7]

Gender Equality in Sports - Women's entry into organized sports has involved impressive acts of rebellion [1] - Today many female footballers are superstars [1] - Progress is uneven due to patriarchy [1]