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Related party

12 Months Ended

Dec. 31, 2022

Note 22 — Related party

The related parties had transactions and outstanding balances for the years ended December 31, 2022 and 2021 consist of the following:

Name of the related parties		Nature of relationship
Brera Calcio AS		Shareholder of the Company being the president of this entity
Fudbalski Klub Akademija Pandev		Goran Pandev, the director of the Company, is the founder and owner of this entity
Alessandro Aleotti		Shareholder, Chief Strategy Officer and Director of the Company
Marco Sala		Shareholder of the Company and former Director of Brera Milano
Max Srl		Shareholder of the Company
Stefano Locatelli		Shareholder of the Company
Christian Rocca		Shareholder of the Company
Sergio Carlo Scalpelli		Shareholder, Chief Executive Officer and Director of the Company
Adrio Maria de Carolis		Shareholder of the Company
Francesca Duva		Director of Brera Milano

	2022		2021
	EUR		EUR
Other receivables – related parties
Alessandro Aleotti		333		333
Marco Sala		333		333
Sergio Carlo Scalpelli		333		333
Christian Rocca		334		334
Stefano Locatelli		-		1,334
Brera Calcio AS		3,076		-

Deposits and prepayments – related parties
Max Srl		38,856		14,545
Stefano Locatelli		35,868		14,000
Sergio Carlo Scalpelli		22,020		-

Trade and other payables – related parties
Max Srl		19,666		6,112
Stefano Locatelli		9,867		-
Brera Calcio AS		-		36,600
Sergio Carlo Scalpelli		4,146		-
Francesca Duva		3,090		-

Loan from a shareholder
Sergio Carlo Scalpelli		-		20,000

As of December 31, 2022 and 2021, balances due from and due to related parties primarily represent monetary advancements and repayments by the related parties for its normal course of business.

During the years ended December 31, 2022 and 2021, Brera Milano engaged SWG S.p.A., or SWG, to provide certain polling services, free of charge, and without agreements in writing. SWG is beneficially owned by Adrio Maria de Carolis, a beneficial owner of Class A Ordinary Shares.