SAF sale: Legal expert explains 4 key steps for Vasco-Lamacchia deal | OneFootball

The negotiations for the sale of Vasco da Gama SAF have moved into their fourth and final stage: the closing phase. According to an analysis by Business Law specialist, Professor José Humberto, the process of transferring control to Marcos Faria Lamacchia is being structured to provide full legal security to the club, with the expectation that the deal will be finalized between March and April 2026.

At this moment, the discussions are focused on signing the Memorandum of Understanding (MoU). This document acts as a legal “green light,” where the parties make mutual commitments and formalize the terms of the proposal that have already been previously aligned. After signing this memorandum, Vasco will follow transparency protocols, presenting the proposal for review by the board members and, subsequently, for a vote by the members at a general assembly.

+ See the step-by-step process of the sale of Vasco SAF to Lamacchia: “Billion-dollar investment”

The strategy to unlock arbitration

One of the most relevant points to speed up the deal is resolving the impasse with A-CAP (which replaced 777 Partners). The strategy outlined involves Vasco SAF itself acquiring the shares that are currently in dispute in arbitration. It is estimated that the amount needed to settle this dispute is between R$ 60 million and R$ 90 million, which would allow the club to unify all the shares and negotiate the complete package with the new investor.

By acquiring these shares directly, Vasco shortens the path for Marcos Lamacchia, who would not need to negotiate separately with the former American partners. This move is seen as a smart legal solution to untie the “knot” of arbitration and deliver a clean structure to the new owner, also facilitating compliance with the obligations of the Judicial Recovery.

Marcos Lamacchia – Photo: Reproduction

Billion-dollar investment and structural goals

Marcos Lamacchia’s proposal is expected to be around R$ 2 billion over five years. The businessman's goal is to acquire up to 90% of the SAF shares, the maximum limit allowed. The financial injection will be fundamental for Vasco to be able to meet its recurring expenses, such as payroll, as well as enabling significant investments in player acquisitions and structural improvements.

Despite the necessary confidentiality due to NDA clauses, the mood is optimistic for a quick resolution. The understanding is that the arrival of an investor with expertise in the financial market will bring the economic health needed for the Gigante da Colina to regain its leading role in a sustainable way. The outcome of the sale is eagerly awaited by the fans to end the period of administrative uncertainty.

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