Vasco in talks over São Januário development rights with three bidders | OneFootball

The project for the major renovation of São Januário has gained significant new financial momentum behind the scenes. After previous negotiations fell through, the Vasco board brought in new partners for the sale of the stadium’s building rights, a key mechanism for raising the funds needed to start and complete the work at the Cruz-Maltino club’s home.

The news was reported and published by the Podcast Cruzmaltino profile this Thursday (09). According to the report, the club’s leadership is already in contact with three potential buyers interested in acquiring the multimillion-dollar amount, restoring optimism for the progress of the architectural project.

+ Mayor Eduardo Cavaliere speaks about the renovation of São Januário and signals a statue for a Vasco idol: “I’m ready to make it happen”

SOD Capital’s withdrawal

The search for new investors came after the recent official withdrawal of SOD Capital, a company that had been negotiating the purchase of the construction rights but ultimately backed out. With the asset back on the market, the club began mapping out new interested parties and found strong demand for a specific, highly valued area of the city.

Investors have already opened talks with Vasco

The three investors who have opened talks with the Rio club are focused on the land located in Marapendi. The board expects negotiations to move forward quickly in the coming weeks. The business model provides that the group that wins the bidding process and moves forward with the land purchase will fully absorb the entire value of the building rights belonging to the club, injecting the exact amount needed to make the long-awaited stadium modernization possible.

Renovation project for São Januário, Vasco’s stadium — Photo: Project by Sergio Moreira Dias, Felipe Nicolau, Willian Freixo, Clarissa Pereira and Ana Carolina Dias

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