Botafogo shakes up SAF amid control handover | OneFootball

Botafogo changed the structure of the SAF just as control of the company enters a decisive stage. Flávia Merheb was hired as the new operations director, with responsibility for strategic areas of football and the club’s administration.

RTI Esporte Agency has learned that the executive has been at the club for four years and will now oversee Match Operations, Infrastructure, Technology, and Supply. The change comes as Botafogo moves forward in the process that could lead GDA Luma to take control of the SAF.

“I had the opportunity to gain an in-depth understanding of the Club’s operations and, alongside different teams, build important projects. Now, we have the opportunity to move even further in integrating areas, improving process efficiency, and continuously pursuing improvements,” said the executive.

Flávia Merheb has more than 25 years of professional experience, with stints at companies such as Siemens and Amil Saúde. At Botafogo, she expanded her role into hospitality and operations, in addition to leading strategic projects and multidisciplinary teams.

Capital increase speeds up change

The promotion came one day after the Extraordinary General Meeting approved the SAF’s capital increase. The transaction provides for the issuance of 200 million new Class B common shares, at a price of R$ 0.01 each, totaling R$ 2 million.

The transaction could change the shareholding structure and pave the way for GDA Luma. Today, Botafogo Social holds 51% of the SAF, compared to Eagle’s 49%. The two shareholders have 30 days to exercise their preemptive rights.

Club may increase stake in the SAF

Under the approved structure, Botafogo Social may subscribe to 102 million shares, while Eagle will be entitled to 98 million. If the company does not exercise its preference right, the club may acquire the remaining shares and increase its stake.

The transaction is important for GDA Luma, which is negotiating for around 90% of the SAF. As Flávia Merheb takes on her new role, Botafogo moves forward with measures that could redefine control of the club’s football operations.

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