EQS News: Further delay in the publication of the 2023 annual financial statements

Frankfurt am Main, August 30, 2024 – LIBERO football finance AG (“LIBERO”) announces that the publication of the annual financial statements for the 2023 financial year will be further delayed. Following the postponement last announced on July 31, 2024, which extended the deadline to the end of August 2024, the Management Board now assumes that publication will probably take place in mid-September 2024.

The reason for this further delay is that an important milestone related to the transaction announced in August 2023 concerning the partnership with FC Barcelona was only reached in August 2024. However, the transaction has not yet been fully completed.

On August 6, 2024, LIBERO successfully transferred a 6.14% stake in Bridgeburg Invest SL to a renowned international corporation for approximately EUR 25 million. Regarding the remaining part of the transaction (approx. EUR 15 million), LIBERO is currently in final negotiations to transfer the remaining shares to Bridgeburg Invest SL. Due to the large number of parties involved and the associated organizational challenges, the final completion of the transaction could not take place by August 30, 2024.

Due to the successful conclusion of the contract on August 6, 2024, the legal dispute with Barça Producción SL was settled amicably at the above-mentioned purchase price.

The Board of Directors expects that the agreement to transfer the remaining shares to Bridgeburg Invest SL will be completed shortly, which will lead to the full settlement of the legal dispute in Spain. In addition, the Board of Directors believes that there will be a high probability that there will be no negative consequences for LIBERO.

The Management Board currently assumes that a sufficiently clear outlook on the further course of the procedure will emerge by mid-September 2024. On this basis, the audit can be completed and the 2023 annual financial statements published.