Playboy investor spots club loophole, starts São Paulo SAF petition | OneFootball

Businessman Diego Fernandes, who is promising investments in São Paulo, found a loophole in the club’s bylaws and launched a petition to turn Tricolor into a SAF without needing approval from the Deliberative Council.

According to information first reported by Globo Esporte, the São Paulo-supporting billionaire relied on chapter five of the club’s bylaws, which deals with the General Assembly of Members, and states that it represents the “highest and sovereign authority of SPFC members”. It also says that it can “decide on the transformation of SPFC into a business corporation.”

Therefore, Diego will have to call an Extraordinary General Assembly through the signatures of at least one fifth (20%) of all members who meet the social club’s requirements and are entitled to vote at São Paulo.

There are approximately eight thousand members at Tricolor, so around 1,600 signatures would be needed to submit the request for an Extraordinary Assembly to the president of the Deliberative Council.

São Paulo’s Deliberative Council confirmed to the website that a General Assembly of Members may deliberate on this matter, namely the SAF, without the issue having to return to the Deliberative Council. The vote is decided by a simple majority.

The discussion about SAF, however, is one of the three exceptions within São Paulo’s Council that require a qualified quorum for approval, that is, at least 75% of the members of the club’s advisory body.

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