Rio court freezes 777 Partners’ Vasco shares, sale requires prior judicial authorisation | OneFootball

A Rio judge has ordered the seizure of 777 Partners’ stake in Vasco’s SAF, preventing any sale or use as collateral without prior court approval. According to Globo.com, the ruling follows a request from Matix Capital, which brokered the SAF’s sale to 777 in September 2022.

Judge Maria Aparecida da Costa Bastos, of the Rio de Janeiro Court of Justice, granted the block on the investor group’s shares.

As a result, Vasco cannot dispose of or pledge those shares without judicial clearance. The club is in talks to sell the SAF to businessman Marcos Lamacchia.

If the decision is upheld, Vasco would need court-sanctioned approval from Matix before negotiating the football shares with Lamacchia’s group. Club president Pedrinho intends to sell 90% of the football operation.

Matix, whose partners include former Botafogo CEO Thairo Arruda, based its petition on a risk of asset dissipation, citing an alleged financial crisis affecting the companies under execution.

The SAF’s share split is currently 30% with the associative club, 31% with 777 via contributions since 2022, and 39% under Vasco’s control by court order, though that portion is under arbitration.

Source: Globo.com