Fluminense SAF: R$ 6.9bn investment planned over 10 years | OneFootball

Fluminense presented a proposal from Lazuli Partners and its subsidiary LZ Sports to the Deliberative Council on Monday (8) for the creation of the Anonymous Society of Football (SAF). The fund, composed of 40 Tricolor businessmen, intends to invest R$ 6.9 billion over 10 years.

Photo: Disclosure/Flu TV

The plan foresees an initial contribution of R$ 500 million in the first two years — half at the signing of the contract and half up to 24 months later. The SAF would control men's and women's football, Xerém, and futsal. The Laranjeiras headquarters and other properties would remain with the association, which would have the right to use them through an agreement.Of the total investment amount, R$ 4.7 billion would be allocated to cast and technical commission salaries, R$ 1.1 billion to signings, R$ 359 million to player development, R$ 84 million in improvements to the Training Center and Xerém, and R$ 143 million in annual royalties to the association.

One of the ideas is that the payroll, currently around R$ 19 million, will already increase to about R$ 25 million per month in 2026.Among the investors are names such as André Esteves (BTG Pactual), Thiago De Luca (Frescatto), José Zitelmann (Absolute Partners) and traditional families such as Almeida Braga, Klabin, and Monteiro Aranha. Decisions will be made by a Council with eight seats: six for the investors and two for the association.The contract also stipulates a prohibition on the sale of shares for five years and no distribution of dividends until the R$ 6.4 billion mandatory investments have been made.The proposal will be voted on by councilors and members after the presidential election, scheduled between November and December. The forecast is that the conclusion of the entire process, in case of approval, will occur between December 2025 and February 2026.

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