Billionaire São Paulo? We found the fund in secret talks with Massis | OneFootball

AVANTE MEU TRICOLOR revealed last Monday (18) that São Paulo is negotiating behind the scenes a major financial injection backed by “a major Brazilian financial institution”.

Well then, the report has uncovered the name of the interested party: XP Investimentos.

As revealed to AMT, discussions about the financial operation model are still at an early stage. The creation of a fund or a credit operation with guarantees is being discussed. More details, however, are being kept confidential.

It is worth remembering that São Paulo already has an ongoing FIDC (investment fund in receivables) signed during Julio Casares’ administration and managed by Outfield. The latest update of the figures released by the club took place in September of last year.

Two sources consulted by the report say that São Paulo’s rapprochement with XP began because of their interest in buying the naming rights to Morumbi. Harry Massis’ administration said negotiations with BYD were advancing, but showed itself open to talks for new business possibilities.

As AVANTE MEU TRICOLOR revealed, XP representatives were at Morumbi last week for a meeting with Massis, board intermediaries, and council member Marcelo Pepe, who is seen as the broker behind the rapprochement between the bank and Tricolor and as a supporter of the club president.

The negotiation, which had been treated as a rumor on social media and in the club’s corridors for a few weeks, took on official contours with the holding of the in-person meeting.

Marcelo Pepe’s active participation in handling the potential investor generated strong repercussions in São Paulo’s internal politics. Some believe it is a move for the ruling group’s base to gain momentum ahead of the presidential elections at the end of the year, and that nothing concrete will happen.

Behind the scenes, council members and associates began speculating about Pepe’s name to join leading tickets in the year-end election. The deal’s broker has come to be mentioned as a possible vice-presidential candidate both in a ticket supporting Harry Massis’ re-election and in a possible candidacy by Adilson Alves Martins, legal adviser and an influential figure in the ruling group’s base.

So far, São Paulo’s board has not officially commented on the amounts involved or on the conditions required by the financial institution for the investment to go through.

AVANTE MEU TRICOLOR was unable to reach XP’s press office before this report was published to comment on the information.

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