Solmate
| Type | Holding company |
|---|---|
| Industry | Cryptocurrency, Sports |
| Founded | 2022 |
Key people |
|
| Owner | Daniel J. McClory (54.5%) |
| Website | Brera Holdings |
Solmate is a UAE-based cryptocurrency digital asset treasury. Founded in 2022 as Brera Holdings PLC, it was originally a holding company focused on Multi Club Ownership (MCO) in sports. With offices in Milan and Dublin, at its peak the club owned six association football clubs and one volleyball club.[1][2] Traded on the Nasdaq, Brera Holdings was the world's first publicly traded multi-club sports ownership group.[3]
History
The investor group acquired its first club, Brera Calcio based in Milan, in 2022.[1] In May 2023, it purchased Macedonian First Football League club FK Akademija Pandev Brera Strumica from its founder Goran Pandev and rebranded it as Brera Strumica.[4] The same month, the group created Brera Tchumene FC in Mozambique, expanding the brand outside of Europe for the first time.[5] In July 2023, Brera Holdings completed the acquisition of its first volleyball club with the purchase of UYBA of the Italian Serie A.[6] Brera Holdings completed the purchase of Mongolian football club Ilch FC in October 2023, expanding into Asia for the first time.[7]
In February 2024, an advisory board of high-profile individuals was announced, including former president of the United States Soccer Federation and founding father of Major League Soccer Alan Rothenberg.[8] The following month, it was announced that minority stakeholder and Executive Chairman Daniel J. McClory became majority shareholder in the company with 54.5% ownership.[3]
In 2025 Brera Holdings PLC completed the acquisition of a 52% majority stake in Italian Serie B football club SS Juve Stabia, finalizing the multi-step process on June 20, 2025.[9]
Brera Holdings announced in September 2025 that it was changing its name to Solmate and was switching its emphasis to cryptocurrency, becoming a Solana-based digital asset treasure. As part of the announcement, it was stated that Solmate would continue to manage Brera Holdings' existing sport clubs ownership business.[10] The following March, Solmate's stock price plummeted after the group announced that it was shifting away from sports club ownership, retaining only its flagship club SS Juve Stabia of Italy's Serie B. Other clubs including Brera Ilch and Brera Tchumene would be sold, freeing Capital for the business pivot.[11]
Current clubs
Football
SS Juve Stabia- Source(s):
Former clubs
Football
- Brera Calcio
FC AP Brera Strumica
Brera Ilch FC- WFC Tiverija Brera Strumica
Brera Tchumene FC[12]
Volleyball
Former competitions
In 2021, Brera Calcio hosted the first FENIX Trophy, an annual association football competition for semi-professional and amateur clubs.[13] Following the creation of Brera Holdings, the group has continued to organize and promote the tournament and has garnered international attention, including coverage by Sky Sports and ZDF.[14][15]
References
- 1 2 "Official website". Brera Holdings. Retrieved 20 March 2024.
- ↑ "Brera Holdings Highlights Benefits of Multi-Club Ownership Model for Shareholders". Yahoo! Finance. Retrieved 20 March 2024.
- 1 2 "Seasoned Investment Banker Dan McClory Acquires Majority Stake in Brera Holdings". NASDAQ. Retrieved 20 March 2024.
- ↑ "Brera Holdings to Finance Growth Plans for Newly Acquired First Division European Football Club Akademija Pandev". Global News Wire. Retrieved 20 March 2024.
- ↑ "Brera Holdings PLC Establishes New Football Club in Mozambique". WRBL. Retrieved 20 March 2024.
- ↑ "Brera Holdings Executes Perfect Set Hiring UCLA Volleyball MVP Dicey Perrine". Yahoo! Finance. Retrieved 20 March 2024.
- ↑ Grimm, Justin. "Ilch FC Now Under Brera Umbrella, Rebrands". Mongolian Football Central. Retrieved 20 March 2024.
- ↑ "Brera Holdings Signs All-Star Advisory Board to Lead Soccer World's First Nasdaq-Listed Multi-Club Ownership Model". Global News Wire. Retrieved 20 March 2024.
- ↑ "Brera Holdings Completes Final Closing and Acquires 52 Percent Majority Ownership Stake in Storied Italian Serie B Football Club SS Juve Stabia srl - The Second Team of Naples -". Global News Wire. Retrieved 12 September 2025.
- ↑ "Wall Street Finds Its Solmate: Brera Holdings PLC (NASDAQ: BREA) Announces Oversubscribed $300 Million Private Placement to Fund Establishment of Solana Digital Asset Treasury Backed by Ark Invest and UAE Investors". Yahoo! Finance. Retrieved 3 July 2026.
- ↑ "Nasdaq-listed stock crashes after dumping soccer team to buy Solana". Yahoo! Finance. Retrieved 3 July 2026.
- ↑ "Questões financeiras levam ao fim do Brera Tchumene que desistirá do Moçambola" (in Portuguese). Lance. Retrieved 29 September 2025.
- ↑ Evans, Chris. "Fenix Trophy: A new shot at European glory for semi-professional and amateur clubs". BBC. Retrieved 20 March 2024.
- ↑ "Brera Holdings Announces the Launch of its FENIX Trophy 2023-24 Edition First Kick-Off on October 24th Features Prague Raptors Hosting Venus Bucharest". Yahoo! Finance. Retrieved 20 March 2024.
- ↑ "Fenix Trophy". Brera Holdings. Retrieved 20 March 2024.