Vasco may seek a new loan in early 2026 while waiting for the SAF sale | OneFootball

Without an investor’s contribution for about a year and a half, Vasco da Gama is expected to begin 2026 still awaiting the completion of the sale of its SAF. Although the interested party is not an unknown name behind the scenes of football, he is a new player in the recent history of potential buyers of the club.

Marcos Faria Lamacchia, son of José Roberto Lamacchia, is negotiating directly with the board led by Pedrinho, who currently holds control of Vasco’s SAF. The 47-year-old businessman has the support and enthusiasm of his father to move forward with the negotiation. The information was first published by journalist Lucas Pedrosa.

Marcos is the son of Lamacchia and one of the heirs of banker Aloysio de Andrade Faria, founder of Banco Real, who passed away in 2020. With a discreet profile, the businessman operates independently from his father’s companies and, consequently, from Leila Pereira, current wife of José Lamacchia and president of Palmeiras. Even so, the Lamacchia family plays a significant role in the negotiations with Vasco.

Since the beginning of the legal process that resulted in the removal of control from 777 Partners until the approval of the judicial recovery, Marcos Lamacchia has closely followed every step taken by the Vasco board. In 2011, he founded Blue Star, an investment fund management company. Throughout his career, he also served as a director at Crefisa for several years and worked at Banco Alfa, another institution founded by his grandfather.

Vasco and the Lamacchia family were contacted by ge for comment, but chose not to speak on the matter. Marcos, in fact, is currently on vacation outside Brazil.

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Pedrinho has served as president of Vasco since the beginning of 2024 – Reproduction / Vasco TV

New loan on the radar

Given the need to strengthen cash flow, the trend is that Vasco will seek a new DIP (Debtor-in-Possession) loan, a type intended for companies under judicial recovery, at the beginning of 2026. Once again, Crefisa emerges as the main candidate to provide resources to the SAF.

Recently, the club raised R$ 80 million through this type of operation with Crefisa, with the funds expected to run out in January. For this reason, progress in negotiations for the sale of the SAF is seen as essential to provide greater financial stability for Vasco.

SAF shareholding situation

Currently, the shareholding structure of Vasco’s SAF is distributed as follows:

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For this disputed share to be negotiated, an agreement between the parties or a court decision in favor of Vasco will be necessary.

Meanwhile, the club continues to seek alternatives to maintain its operations and navigate the transition period until the future of the SAF is determined.

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