“How will they pay?”: Lawyer on Vasco SAF and 777 sale hurdles | OneFootball

The complex financial engineering for the sale of SAF Cruzmaltina has gained new and decisive chapters behind the institutional scenes. Lawyer José Humberto, a specialist in Business Law, detailed the progress of the intense negotiations between Vasco and investor Marcos Lamacchia.

The main goal of the future buyer is to acquire 90% of the company's shares, but the billion-dollar transaction faces heavy bureaucratic obstacles that require great caution. The specialist assessed the current scenario and the directive urgency:

+ SAF backstage reveals Vasco's demands in the agreement with Marcos Lamacchia; see what is needed for the deal to be closed

Pillars for the Agreement and Billion-Dollar Liability

The first major hurdle involves the absolute obligation to assume the club's total debt, estimated at over R$ 1 billion. The drafted agreement requires the full settlement of the amounts present in the Judicial Recovery and also of the million-dollar tax debts actively charged by the National Treasury Attorney General's Office (PGFN).

The second non-negotiable point is the guarantee registered in the contract for the formation of a strong and victorious team. The jurist explained the directive requirement on the table:

The third pillar imposes the immediate modernization of all sports infrastructure, focusing intensely on the training center and youth divisions.

To achieve the desired 90% demanded by Marcos Lamacchia, Vasco will urgently need to resolve the troubled arbitration against the former partner 777 Partners, which still holds 31% of the valuable assets, now under the command of the insurer A-Cap.

Furthermore, the management will have to politically approve the transfer of more shares of the associative club, which holds 30% of the control, through rigorous votes in the internal council.

Pedrinho is the president of Club de Regatas Vasco da Gama – Photo: Marcelo Wance/Vasco

Family Conflict and Fair Play

The deal also faces the tough barrier of financial fair play due to the investor's kinship with Leila Pereira, the current leader of rival Palmeiras. The legal department is studying quick and safe mechanisms, such as limiting administrative veto power, to avoid conflicts of interest in the national league.

Despite the enormous difficulties inherent in business mergers and acquisitions, the good relationship of president Pedrinho with the buying family supports the strong expectation of an extremely positive outcome for the fans in the coming weeks.

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This article was translated into English by Artificial Intelligence. You can read the original version in 🇧🇷 here.