Legal win! TJRJ rejects Bradesco appeal, shields Vasco's recovery | OneFootball

Vasco secured a crucial legal victory to preserve its financial and administrative stability in the courts of Rio de Janeiro. In a session held this Thursday (21), the judges of the 20th Private Law Chamber of the TJRJ denied the appeal filed by Bradesco. The bank had formally challenged the ruling that approved the Rio club’s payment plan, trying to overturn the terms agreed upon with creditors in the restructuring process.

The financial institution’s challenge centered on key points of the financial structure of the plan presented by Vasco’s legal team. The bank disputed the grace periods set out, the discount applied to the amounts owed, the creation of creditor subclasses, and the authorization to sell SAF real estate assets. However, the judges unanimously understood that there were no illegalities in the proposal, which had been broadly approved by the majority at the general assembly.

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Details of the remaining appeals and the impact on Vasco’s finances

According to information first reported in journalist Ancelmo Gois’ column on the O Globo website, the bank’s case involved a civil credit of R$ 20.6 thousand. Of the more than 600 creditors listed in the recovery proceedings of the São Januário club, only two chose to appeal the initial court approval. The second legal dispute still awaiting judgment is labor-related, filed by the law firm Barreira de Oliveira, holder of a credit set at R$ 37.3 million.

The favorable outcome was celebrated by the club’s lawyer, Luiz Roberto Ayoub, who highlighted the legal strength achieved by the business restructuring plan in the national market. In the football department’s view, the decision brings immediate relief to Vasco’s coffers and shields the institution’s assets against future attempts at judicial freezes. Keeping the agreement in place ensures that the flow of monthly payments to former creditors continues strictly within the deadlines established by the committee.

Security for the SAF investor and plans for football

The legal validation of the recovery terms directly meets the institutional security requirements demanded by investors in modern football. The outcome of the case protects the planning of businessman Marcos Lamacchia, who uses the approved document as a guarantee to move forward with the investments planned for the 2026 management period. Vasco needs this protection against untimely collection efforts to focus its investments on pursuing impactful signings to strengthen Renato Gaúcho’s professional squad.

The guarantee of the reprofiling of civil and labor debts allows the SAF to organize its payroll without the risk of financial suffocation from asset seizures. Vasco’s executives celebrated the TJRJ ruling, saying that the court ratified management’s effort to clean up the historic club’s finances. Attention now turns exclusively to the judgment of the last pending labor case, paving the way for the definitive cleanup of the association club’s accounts.

Major victory for Vasco and its board – Photo: Dikran Sahagian/ CRVG

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