Cannae Holdings, Inc. Announces Black Knight Football Club鈥檚 Acquisition of a Majority Interest in Moreirense Futebol Clube, a Portuguese Primeira Football Club
The investment in Moreirense FC advances BKFC鈥檚 multi-club ownership strategy of building a global network of world-class football clubs, players, and real estate assets that will produce operational synergies, accelerate player development, and enable efficient player migration across BKFC鈥檚 network of owned and operated clubs while driving strong on-field and financial results. BKFC鈥檚 clubs today include
By adding Moreirense FC, BKFC enters
鈥淲e鈥檙e proud to announce our strategic investment in Moreirense FC,鈥� said William P. Foley, II, BKFC鈥檚 general partner and Cannae鈥檚 Vice Chairman. 鈥淭his partnership marks an important step forward for both Moreirense FC and BKFC, as we will work together to drive long-term success for the Club and the community. By investing in player development and infrastructure, we believe we can both elevate the club and contribute to the continued growth of Portuguese football. We look forward to working with Vitor Magalh茫es and the entire Moreirense team.鈥�
Moreirense FC is a competitive presence in the Primeira Liga,
Forward-Looking Statements and Risk Factors
This press release contains forward-looking statements that involve a number of risks and uncertainties. Statements that are not historical facts, including statements regarding our expectations, hopes, beliefs, plans, intentions, or strategies regarding the future are forward-looking statements. Forward-looking statements are based on management鈥檚 beliefs, as well as assumptions made by, and information currently available to, management, including statements about the completion of the D&B and JANA transactions, our buyback program, the impact of our actions on shareholder value and net asset value and our ability to implement our plans. Because such statements are based on expectations as to future financial and operating results and are not statements of fact, actual results may differ materially from those projected. Except as required by applicable law, we undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.
The risks and uncertainties that forward-looking statements are subject to include, but are not limited to: the occurrence of any event, change or other circumstances that could give rise to the termination or inability to complete the D&B and JANA transactions; risks associated with repayment of our outstanding debt and our capital allocation strategy; risks associated with the use of proceeds received as a result of the D&B and JANA transactions; risks associated with our ability to successfully operate businesses outside our traditional areas of focus; changes in general economic, business and political conditions, including among others, consumer spending, business investment, government spending, the volatility and strength of the capital markets, investor and consumer confidence, foreign currency exchange rates, commodity prices, inflation levels, changes in trade policy, tariffs on goods, and supply chain disruptions; risks associated with the Investment Company Act of 1940; risks associated with our potential inability to find suitable acquisition candidates, acquisitions in lines of business that will not necessarily be limited to our traditional areas of focus, or difficulties in integrating acquisitions; significant competition that our operating subsidiaries face; risks related to the externalization of certain of our management functions to an external manager; and risks associated with being the subject of a proxy contest.
This press release should be read in conjunction with the risks detailed in the 鈥淪tatement Regarding Forward-Looking Information,鈥� 鈥淩isk Factors,鈥� and other sections of the Company鈥檚 Forms 10-Q, Form 10-K and our other filings with the Securities and Exchange Commission (the 鈥淪EC鈥�).
Important Additional Information and Where to Find It
The Company intends to file a proxy statement on Schedule 14A, an accompanying WHITE proxy card, and other relevant documents with the SEC in connection with the solicitation of proxies from the Company鈥檚 shareholders for the Company鈥檚 2025 annual meeting of shareholders. THE COMPANY鈥橲 SHAREHOLDERS ARE STRONGLY ENCOURAGED TO READ THE COMPANY鈥橲 DEFINITIVE PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO), THE ACCOMPANYING WHITE PROXY CARD, AND ANY OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Shareholders may obtain a free copy of the definitive proxy statement, an accompanying WHITE proxy card, any amendments or supplements to the proxy statement, and other documents that the Company files with the SEC at no charge from the SEC鈥檚 website at . Copies will also be available at no charge by clicking the 鈥淪EC Filings鈥� link in the 鈥淔inancials鈥� section of the Company鈥檚 website at .
Certain Information Regarding Participants in the Solicitation
The Company, its directors (William P. Foley, II; Douglas K. Ammerman; Hugh R. Harris; C. Malcolm Holland; Mark D. Linehan; Frank R. Martire; Erika Meinhardt; Barry B. Moullet; William Royan; James B. Stallings, Jr.; Woodrow Tyler; and Frank P. Willey) and certain of its executive officers (Ryan Caswell, Chief Executive Officer; Bryan D. Coy, Chief Financial Officer; Peter T. Sadowski, Executive Vice President and Chief Legal Officer; and Michael L. Gravelle, Executive Vice President, General Counsel, and Corporate Secretary) and other employees may be deemed 鈥減articipants鈥� (as defined in Schedule 14A under the Exchange Act of 1934, as amended) in the solicitation of proxies from the Company鈥檚 shareholders in connection with the matters to be considered at the Company鈥檚 2025 annual meeting of shareholders. Information regarding the names of the Company鈥檚 directors and executive officers and certain other individuals and their respective interests in the Company, by security holdings or otherwise, is set forth in the sections entitled 鈥淐ompensation Discussion and Analysis and Executive and Director Compensation,鈥� 鈥淪ecurity Ownership of Certain Beneficial Owners, Directors and Executive Officers,鈥� and 鈥淓xecutive Compensation鈥� of the Company鈥檚 Proxy Statement on Schedule 14A in connection with the 2024 annual meeting of shareholders, filed with the SEC on April 26, 2024 (available ), the Company鈥檚 Form 10-K/A, filed with the SEC on April 30, 2025 (available ), and the Company鈥檚 Annual Report on Form 10-K, filed with the SEC on February 27, 2025 (available ). To the extent the security holdings of directors and executive officers change since the amounts described in these filings, such changes will be set forth on Initial Statements of Beneficial Ownership on Form 3 or Statements of Change in Ownership on Form 4 filed with the SEC, which can be found at no charge at the SEC鈥檚 website at . Such filings will also be available at no charge by clicking the 鈥淪EC Filings鈥� link in the 鈥淔inancials鈥� section of the Company鈥檚 website at
Any subsequent updates following the date hereof to the information regarding the identity of potential participants and their direct or indirect interests, by security holdings or otherwise, will be set forth in the Company鈥檚 proxy statement on Schedule 14A and other materials to be filed with the SEC in connection with the 2025 annual meeting of shareholders, if and when they become available. These documents will be available free of charge as described above.
About Cannae Holdings, Inc.
We primarily acquire interests in operating companies and are actively engaged in managing and operating a core group of those companies. We believe that our long-term ownership and active involvement in the management and operations of companies helps maximize the value of those businesses for our shareholders. We are a long-term owner that secures control and governance rights of other companies primarily to engage in their lines of business and we have no preset time constraints dictating when we sell or dispose of our businesses. For more information, see .
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Jamie Lillis, Managing Director, Solebury Strategic Communications, 203-428-3223, [email protected]
Source: Cannae Holdings, Inc.
