SAFiel and Corinthians: Salusse secures funds, seeks legal certainty | OneFootball

Negotiations between SAFiel and Corinthians have taken new turns, with the group interested in taking control of the club’s football operations formally accepting the proposal presented by president Osmar Stabile. The initiative provides for the creation of a Football Corporation (SAF) and is directly tied to settling the debt of Neo Química Arena.

SAFiel’s statement came after Stabile made it a condition for continuing the talks that a requirement presented at the end of last week be met. The group says it has the necessary investors to make the planned contributions, but believes certain formal steps still need to be completed before the funds can be released.

Photo: Disclosure/SAFiel

One of the movement’s creators, businessman Eduardo Salusse, again argued that the process needs to move forward with legal certainty and criticized what he believes has been hindering the progress of the talks.

“To be clear: we have the investors ready and available. They said, ‘Call us, and within a few days, the money will be sent.’ As long as there is objective good faith, legal certainty with the necessary approvals, and the guarantees in place. This little talk of ‘give me the check first and I’ll sign later’ is electioneering, it’s ‘just talk,’ and to some extent it is even disrespectful,” he said in an interview with the Voz da Arquibancada channel.

New meeting requested

SAFiel also requested a new meeting with Corinthians representatives to define the next steps. Among the requests are setting a date and time for the meeting, as well as identifying the members of the committee responsible for the negotiations.

The group also intends to move forward with signing a confidentiality agreement (NDA) and opening a data room, a stage used to make information and documents necessary for analyzing the project available and to provide greater transparency during the process.

In addition to the investors already involved in the project, Salusse says the proposal has been attracting interest from new backers. According to him, individuals, asset managers, and funds have been approaching the group expressing interest in taking part in the initiative.

“Every day we receive messages from people wanting to invest. And not invest R$ 250, no! We’re talking about people wanting to put in R$ 50,000, R$ 200,000, half a million (reais). I have messages on Instagram and WhatsApp. Today I even got in touch with an asset manager, one I met some time ago, and she told me: ‘I’ve been following SAFiel from afar. If you need help with fundraising, I have a wide range of people interested in investing that I can reach out to. In fact, these are the additional investors.’ It is not fundraising for this advance payment that is being presented as an obstacle. We are available, as long as no new barrier appears (coming from Parque São Jorge),” Salusse added.

The developments come after a meeting between Corinthians and SAFiel at Parque São Jorge last Wednesday. The meeting was considered friendly by the group’s representatives, who saw the possibility of talks between the parties continuing.

On the Corinthians side, vice president Armando Mendonça also gave a positive assessment of the meeting, calling it productive. Even so, the executive was cautious about the next steps in the process and later prepared a document with 105 questions for SAFiel to answer before any possible progress in the negotiations.

As a result, the next stages depend on the parties aligning on the requirements presented by the club and on the procedures needed for the project to transform Corinthians’ football operations to move forward.

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