economy

Cathie Wood’s bet on football group turned crypto hoarder backfires

Ark Invest and a UAE fund stand to lose as shares in Brera Holdings tumble

Cathie Wood’s bet on football group turned crypto hoarder backfires

TL;DR

  • Brera Holdings' shares have experienced a sharp fall.
  • Ark Invest and a UAE-based fund are at risk of losing money.
  • The company's business model, which has involved football and cryptocurrency, appears to be facing difficulties reflected in its stock performance.