| Schedule of Purchase Consideration, Net Assets Acquired, and Goodwill |
Details of the purchase consideration, the net
assets acquired, and goodwill are as follows:
| | |
December 31,
2023 | |
| | |
EUR | |
| Cash purchase | |
| 600,000 | |
| Contingent consideration | |
| 142,000 | |
| Total purchase consideration | |
| 742,000 | |
|
| Schedule of Purchase Price Allocation |
IFRS 3 Purchase Price Allocation of FKAP
| | |
Final
Fair Value
December 31,
2023 | |
| | |
EUR | |
| Net Tangible Assets | |
| |
| Net working capital | |
| (77,113 | ) |
| Fixed assets | |
| - | |
| Amounts due to related parties | |
| (88,912 | ) |
| Total tangible asset allocation | |
| (166,025 | ) |
| | |
| | |
| Identifiable Intangible Assets | |
| | |
| Broadcasting rights | |
| 75,000 | |
| Brand | |
| 710,000 | |
| Player contracts | |
| 130,000 | |
| Total identifiable intangible assets | |
| 915,000 | |
| | |
| | |
| Implied goodwill | |
| 75,469 | |
| | |
| | |
| Business Enterprise Value (BEV) | |
| 824,444 | |
| | |
| - | |
| Less: Non-controlling interest | |
| (82,444 | ) |
| Total Purchase Price (Equity Basis) | |
| 742,000 | |
| | |
Fair Value July 31,
2023 | |
| | |
EUR | |
| Net Tangible Assets | |
| |
| Current assets | |
| 323,081 | |
| Current liabilities minus short term debt | |
| 1,308,742 | |
| Net working capital | |
| (985,661 | ) |
| Fixed assets | |
| 222,287 | |
| Financial assets | |
| 122,150 | |
| Other liabilities | |
| (628,418 | ) |
| Total tangible asset allocation | |
| (1,269,642 | ) |
| | |
| | |
| Identifiable Intangible Assets | |
| | |
| Advertising relationships | |
| 235,000 | |
| Season ticketholder relationships | |
| 200,000 | |
| Stadium lease | |
| 620,000 | |
| Brand | |
| 1,775,000 | |
| Player contracts | |
| 285,000 | |
| Total identifiable intangible assets | |
| 3,115,000 | |
| | |
| | |
| Assembled workforce | |
| 145,000 | |
| Implied goodwill (excl. assembled workforce) | |
| 22,022 | |
| Total economic goodwill | |
| 167,022 | |
| | |
| | |
| Business Enterprise Value (BEV) | |
| 2,012,380 | |
| | |
| | |
| Deduct: Debt | |
| (364,341 | ) |
| | |
| | |
| Total Purchase Consideration (Equity Basis) | |
| 1,648,039 | |
| Less: Non-controlling interest | |
| (807,539 | ) |
| Total Purchase Price | |
| 840,500 | |
|