“Public money?”: Vasco consider deal with state bank to cover R$800m debt | OneFootball

Vasco da Gama is working with new scenarios to finally get the São Januário renovation off the ground. With the updated budget now around R$ 800 million, the club is studying financial alternatives. According to the Podcast Cruzmaltino, one of the options on the table is seeking financing from BNDES.

+ Vasco: Works at São Januário are postponed and Pedrinho sets a condition

Low interest rates and the “retrofit operation”

The idea of turning to the state bank aims to take advantage of lower interest rates and longer payment terms, easing cash flow. In addition, there is a possibility of changing the original project: reducing one of the administrative towers and purchasing buildings in front of the stadium.

This strategy, called “retrofit,” would involve renovating these neighboring properties to relocate part of the club’s structure. The solution could reduce the total cost of the project, but brings the challenge of functionally integrating everything into the São Januário complex.

Capacity and timeline set for Vasco’s new stadium

While studying the loan, the club is making progress on other fronts. The channel Atenção, Vascaínos! reported that the final capacity will be between 45,000 and 47,000 spectators. The start of construction is confirmed for the first half of 2026.

The sale of building rights will cover about R$ 600 million (with SOD Capital contributing 85%). The remainder will come from naming rights, VIP boxes, and possibly from this strategic financing currently being developed by the board.

VP General Renato Freitas has a meeting about São Januário – Photo: Reproduction

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