| Schedule of Trade and Other Receivables and Trade and Other Payables Due to or from Related Parties |
Amounts of trade and other receivables and trade
and other payables due to or from related parties as of December 31, 2024 and 2023 are shown in the table below. Loans payable to related
parties are disclosed elsewhere in these consolidated financial statements.
| | |
December 31, 2024 | | |
December 31, 2023 | |
| | |
EUR | | |
EUR | |
| Trade and other receivables – related parties | |
| | |
| |
| Edimen Srl (Owned by Gianluigi Vigano, ex-CEO of UYBA and Milano) | |
| 3,758 | | |
| - | |
| Sutter Securities (Daniel Joseph McClory, Executive Chairman of Brera Holdings, CEO of parent of Sutter Securities) | |
| 480 | | |
| - | |
| LAICA SPA (Minority shareholder of UYBA) | |
| 26,154 | | |
| - | |
| E-WORK SPA (Minority shareholder of UYBA) | |
| 118,680 | | |
| 11,433 | |
| Leonardo Aleotti (Director of SSD) | |
| 3,750 | | |
| - | |
| Total | |
| 152,822 | | |
| 11,433 | |
| | |
| | | |
| | |
| Loan receivables – related parties | |
| | | |
| | |
| Sport for Life (Owned by Sasho Pandev, brother of Goran Pandev, a director and minority shareholder of Brera Holdings and minority FKAP shareholder) | |
| 279,424 | | |
| - | |
| Brera Ilch Ngo | |
| 31,746 | | |
| - | |
| Total | |
| 311,170 | | |
| 11,433 | |
| | |
| | | |
| | |
| Trade and other payables – related parties | |
| | | |
| | |
| Edimen Srl (Owned by Gianluigi Vigano, ex-CEO of UYBA and Milano) | |
| 17,059 | | |
| 22,418 | |
| Pandev Sports (Owned by Goran Pandev, a director and minority shareholder for Brera Holdings and minority FKAP shareholder) | |
| - | | |
| 4,175 | |
| Linking Srl (Owned by Gianluigi Vigano, ex-CEO of UYBA and Milano) | |
| 13,303 | | |
| 6,100 | |
| E-Work Holding Srl (UYBA’s shareholder) | |
| 15,421 | | |
| 6,966 | |
| Minerva Valuations (Owned by Abhi Mathews, a director and minority shareholder of Brera Holdings) | |
| 46,852 | | |
| - | |
| Pietro Bersani (Director and minority shareholder of Brera Holdings) | |
| 26,952 | | |
| - | |
| Alberto Libanori (Director and minority shareholder of Brera Holdings) | |
| 24,545 | | |
| - | |
| Christopher Gardner (Director and minority shareholder of Brera Holdings) | |
| 24,545 | | |
| - | |
| Goran Pandev (Director and minority shareholder of Brera Holdings and minority FKAP shareholder) | |
| 17,326 | | |
| - | |
| Sashko Pandev (Brother of Goran Pandev, a director and minority shareholder of Brera Holdings and minority FKAP shareholder) | |
| 1,620 | | |
| - | |
| SPORTS CENTER PANDEV (Owned by Goran Pandev, a director and minority shareholder of Brera Holdings and minority FKAP shareholder) | |
| 11,283 | | |
| - | |
| 40&FAC CONSULTING SRLS (Minority shareholder of UYBA) | |
| 7,320 | | |
| - | |
| E-WORK SPA (F) (Minority shareholder of UYBA) | |
| 15,768 | | |
| - | |
| STUDIO PIROLA ASSOCIATI SRL (F) (Owned by Guiseppe Pirola, director and minority shareholder of Brera Holdings and President and minority shareholder of UYBA) | |
| 22,670 | | |
| - | |
| CIRCUITO LOMBARDIA SRL (Owned by Gianluigi Vigano, ex-CEO of UYBA and Milano) | |
| 364 | | |
| 141,848 | |
| Studio Facchinetti (Owned by Facchinetti Simone, a director and minority shareholder of UYBA) | |
| 3,476 | | |
| - | |
| DCS & PARTNER (Related to Francesca Duva, ex-CEO of Milano) | |
| 11,500 | | |
| - | |
| Total | |
| 260,004 | | |
| 181,507 | |
| | |
| | | |
| | |
| Director loan – related party | |
| | | |
| | |
| Goran Pandev (Director and minority shareholder of Brera Holdings and minority FKAP shareholder) | |
| 75,501 | | |
| 98,539 | |
| Aleksandra Terziski (Director of ZFK) | |
| 852 | | |
| | |
| Total | |
| 76,353 | | |
| 98,539 | |
|
| Schedule of Related Parties to Provide Goods and Services |
During the year ended December 31, 2024, the Company
engaged the following related parties to provide goods and services, resulting in revenue transactions:
| Related Party and Relationship | | Nature of Transaction | | EUR | | | Edimen Srl (Owned by Gianluigi Vigano, ex-CEO of UYBA and Milano) | | Sponsorship and other revenue | | | 28,452 | | | STUDIO PIROLA ASSOCIATI SRL (Owned by Guiseppe Pirola, a director and minority shareholder of Brera Holdings and President and minority shareholder of UYBA) | | Sponsorship revenue | | | 1,500 | | | E-WORK SPA (Minority UYBA shareholder) | | Sponsorship and other revenue | | | 239,877 | | | Laica Spa (Minority UYBA shareholder) | | Sponsorship and other revenue | | | 95,507 | | | Total Revenue – related parties | | | | | 365,336 | |
During the year ended December 31, 2024, the Company
engaged the following related parties to provide services:
| Related Party and Relationship | | Nature of Transaction | | EUR | | Minerva Valuations (Owned by Abhi Mathews,
a director and minority shareholder of Brera Holdings) | | Legal and professional fees | | | 44,970 | | | Abhi Mathews (Director and minority shareholder of Brera Holdings) | | Share based expenses | | | 27,322 | | | Alberto Libanori (Director and minority shareholder of Brera Holdings) | | Directors’ fees | | | 47,118 | | | Alberto Libanori (Director and minority shareholder of Brera Holdings) | | Share based expenses | | | 42,579 | | | Boustead Securities LLC (Daniel Joseph McClory, Executive Chairman of Brera Holdings, is CEO of parent of Boustead Securities LLC) | | Legal and professional fees | | | 270,700 | | | Christopher Gardner (Director and minority shareholder of Brera Holdings) | | Directors’ fees | | | 47,118 | | | Christopher Gardner (Director and minority shareholder of Brera Holdings) | | Share based expenses | | | 141,723 | | | Federico Pisanty (Director and minority shareholder of Brera Holdings, resigned on September 30, 2024) | | Share based expenses | | | 27,322 | | | Giuseppe Pirola (Director and minority shareholder of Brera Holdings and President and minority shareholder of UYBA) | | Share based expenses | | | 27,322 | | | Goran Pandev (Director and minority shareholder of Brera Holdings and minority FKAP shareholder) | | Directors’ fees | | | 33,260 | | | Goran Pandev (Director and minority shareholder of Brera Holdings and minority FKAP shareholder) | | Share based expenses | | | 50,386 | | | Pierre Galoppi (CEO, director until February 2025, and minority shareholder of Brera Holdings) | | Legal and professional fees | | | 120,103 | | | Pierre Galoppi (CEO, director until February 2025, and minority shareholder of Brera Holdings) | | Share based expenses | | | 64,031 | | | Pietro Bersani (Director of Brera Holdings) | | Directors’ fees | | | 51,738 | | | Pietro Bersani (Director of Brera Holdings) | | Share based expenses | | | 42,579 | | | Sutter Securities (Daniel Joseph McClory, Executive Chairman of Brera Holdings, CEO of parent of Sutter Securities) | | Legal and professional fees | | | 5,021 | | | Sutter Securities (Daniel Joseph McClory, Executive Chairman of Brera Holdings, CEO of parent of Sutter Securities) | | Net fair value gain/(loss) on financial assets at fair value through the profit and loss | | | 3,195 | | | Goran Pandev (Director and minority shareholder of Brera Holdings and minority FKAP shareholder) | | Finance costs | | | 8,113 | | | Goran Pandev (Director and minority shareholder of Brera Holdings and minority FKAP shareholder) | | Other reserves | | | (14,685 | ) | | Sashko Pandev (Brother of Goran Pandev, director and minority shareholder of Brera Holdings and minority FKAP shareholder) | | Employee benefits expense | | | 11 | | | Sashko Pandev (Brother of Goran Pandev, director and minority shareholder of Brera Holdings and minority FKAP shareholder) | | Utilities and rent | | | 11,695 | |
| Related Party and Relationship | | Nature of Transaction | | EUR | |
| SPORTS CENTER PANDEV (Owned by Goran Pandev, director and minority shareholder of Brera Holdings and minority FKAP shareholder) | | Office supplies and administrative expenses | | | 98 | | | SPORTS CENTER PANDEV (Owned by Goran Pandev, director and minority shareholder of Brera Holdings and minority FKAP shareholder) | | Travel and entertainment expenses | | | 35,354 | | | SPORTS CENTER PANDEV (Owned by Goran Pandev, director and minority shareholder of Brera Holdings and minority FKAP shareholder) | | Utilities and rent | | | 21,273 | | | Vanco Stojanov (Director for FKAP) | | Employee benefits expense | | | 8,999 | | | Brera Ilch Ngo (Contract to manage and rebrand the club, which includes providing financial assistance such as short-term loans and covering staff salaries) | | Advertising and marketing expenses | | | 108,540 | | | Brera Tchumene FC (Contract to manage and rebrand the club, which includes covering staff salaries) | | Advertising and marketing expenses | | | 66,418 | | | CIRCUITO LOMBARDIA SRL (Owned by Gianluigi Vigano, ex-CEO of UYBA and Milano, services were terminated on July 31, 2024) | | Office supplies and administrative expenses | | | 6,025 | | | DCS & PARTNER (Related to Francesca Duva, ex-CEO for Milano, resigned on October 2, 2024) | | Legal and professional fees | | | 8,986 | | | DCS & PARTNER (Related to Francesca Duva, ex-CEO for Milano, resigned on October 2, 2024) | | Office supplies and administrative expenses | | | 1,794 | | | DCS & PARTNER (Related to Francesca Duva, ex-CEO for Milano, resigned on October 2, 2024) | | Utilities and rent | | | 27,206 | | | Federico Pisanty (Ex-director and minority of Brera Holdings) | | Legal and professional fees | | | 46,848 | | | Francesca Duva (Ex-CEO of Milano, resigned on October 2, 2024) | | Directors’ fees | | | 41,788 | | | Gianluigi Vigano (Ex-CEO of UYBA and Milano, services were terminated on July 31, 2024) | | Directors’ fees | | | 37,144 | | | Leonardo Aleotti (Director of SSD) | | Legal and professional fees | | | 25,043 | | | LINKING SRL(Owned by Gianluigi Vigano, ex-CEO of UYBA and Milano, services were terminated on July 31, 2024) | | Advertising and marketing expenses | | | 30,000 | | | Francesco Aleotti (Brother of Leonardo Aleotti, director of SSD) | | Legal and professional fees | | | 21,462 | | | E-WORK SPA (Minority shareholder of UYBA and owned by Paolo Ferrario, ex-director of UYBA, resigned on October 24, 2024) | | Bad debt expenses | | | 1,330 | | | Facchinetti (Owned by Facchinetti Simone, director and minority shareholder of UYBA) | | Bad debt expenses | | | 10,769 | | | LINKING SRL (Owned by Gianluigi Vigano, ex-CEO of UYBA and Milano, services were terminated on July 31, 2024) | | Office supplies and administrative expenses | | | 907 | | | STUDIO PIROLA ASSOCIATI SRL (Owned by Guiseppe Pirola, director and minority shareholder of Brera Holdings and President and minority shareholder of UYBA) | | Legal and professional fees | | | 28,330 | | | Aleksandra Terziski (Director for ZFK) | | Employee benefits expense | | | 1,950 | | | Total general and administrative – related parties | | | | | 1,581,885 | |
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