Backroom blow: legal move could freeze wages, halt transfers and stop Vasco | OneFootball

Vasco da Gama faces a legal threat that could halt its immediate financial operations. A “heavy” objection request has been filed in court against the General Meeting of Creditors (AGC) that approved the club and SAF’s Judicial Recovery plan. The document, revealed by the Podcast Cruzmaltino, lists a series of serious irregularities that call into question the validity of the entire financial restructuring process conducted so far by Pedrinho’s management.

The legal document requests the immediate suspension of the assembly’s effects. If granted, the request could freeze the DIP loan (emergency financing), prevent the sale of athletes, and halt any ongoing negotiations until the allegations are investigated. The case is in the hands of the 4th Business Court of Rio de Janeiro, which will have to decide whether the club’s financial future will be put on hold.

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Accusations of “coercion” and missing minutes

The allegations presented are extremely serious and detailed. The document points out that the official minutes of the assembly were not even attached to the case, creating a legal vacuum regarding what was decided. In addition, there are questions about the initial quorum of the vote and disturbing reports of “pressure and coercion” on creditors during the voting process. Another critical point raised was the alteration of the meeting notice in the early hours before the vote, which allegedly hindered the analysis by those involved.

The request demands total transparency. The authors of the objection request access to the full recordings of the assembly (audio and video) and a thorough review of the vote count. There is also an allegation of illegal treatment given to labor creditors, which violates the equality required by the Bankruptcy Law.

The risk of financial collapse at Vasco

The practical impact of this request could be devastating for planning in 2025 and 2026. The document asks that the Public Prosecutor’s Office be heard before any financial movement by the Recovering Party (Vasco). This means that, in practice, the club could be prevented from moving vital resources for daily operations, such as paying salaries and carrying out works.

The legal department of Vasco will have to act quickly to prevent the injunction from being granted. Defending the approved plan is essential to maintain revenue inflows and the validity of agreements made with creditors, who now find themselves in the midst of a major legal dispute.

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