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Cannae Holdings, Inc. Announces Black Knight Football Club's Acquisition of a Majority Interest in Moreirense Futebol Clube, a Portuguese Primeira Football Club

1. Cannae's subsidiary BKFC acquired majority stake in Moreirense FC. 2. This expands BKFC's strategy for global football club ownership.

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FAQ

Why Bullish?

The acquisition aligns with BKFC's strategic goals, potentially increasing long-term revenue streams. Historical examples, like Red Bull's investment in football, demonstrate similar successful expansions.

How important is it?

The investment underscores strategic growth, likely boosting investor confidence in CNNE's capabilities. Increased market visibility and future revenue generation possibilities substantiate this score.

Why Long Term?

Establishing a global club network may enhance future profitability and brand value over time. Growth in fan engagement and potential merchandising opportunities are critical factors.

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BKFCRBLMANUSBUX
LAS VEGAS--(BUSINESS WIRE)--Cannae Holdings, Inc. (NYSE: CNNE) (“Cannae” or the “Company”) today announced that Black Knight Football Club (“BKFC”) has acquired a majority ownership interest in Moreirense Futebol Clube (“Moreirense FC” or the “Club”), a Portuguese Primeira Liga football club, founded in 1939 and based in Moreira de Cónegos, Portugal. The investment in Moreirense FC advances BKFC's multi-club ownership strategy of building a global network of world-class football clubs, players,.

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