Coluna do Fla
·9. September 2025
Fluminense turns to SAF, Flamengo stays top among Rio’s big four

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Yahoo sportsColuna do Fla
·9. September 2025
Fluminense is getting closer to adopting the Soccer Anonymous Society (SAF) model. The team from Laranjeiras received a proposal of R$ 500 million from Lazuli Partners, a subsidiary of LZ Sports, to purchase 65% of the club. If the transaction is approved, Flamengo will become the only major club in Rio de Janeiro not to adopt the SAF structure.
This is because, with John Textor controlling Botafogo and Vasco in a legal battle with 777 Partners, Flamengo and Fluminense are the only ones without SAF. However, the R$ 500 million proposal for 65% of the club seems to have made the Laranjeiras team reconsider.
Fluminense fans seem to support the idea. The supporters, however, were the first to mock Botafogo’s SAF back in 2022. “It’s no use selling yourself. Your destiny is to fail,” read a banner in the Nilton Santos stands, hung by the tricolores to provoke their rivals.
In addition to the R$ 500 million in the first two years, the proposal includes taking on the club’s entire R$ 871 million debt. Thus, the decision to accept or reject the offer will be made by a vote in the club’s council.
Flamengo is doing ‘very well, thank you’. After all, the Most Beloved is the Brazilian club that generates the most revenue. Moreover, it recently announced the most valuable main sponsorship contract in Brazilian football. That’s because Betano will pay R$ 268 million per year to the Rubro-Negro.
This article was translated into English by Artificial Intelligence. You can read the original version in 🇧🇷 here.