🤑 Santos have an offer on the table, could be the next club to become a SAF | OneFootball

Santos is considering a proposal to become an SAF (Sociedade Anônima do Futebol) after a meeting between president Marcelo Teixeira and representatives of the North American group Saint Dominique.

Since the meeting, which took place last week, the board has been holding onto a billion-real offer, but has not yet responded to the investors, according to ge.

The document provides for an investment of R$ 1 billion. In addition, the group would assume the club’s debt, estimated at nearly R$ 1 billion. In exchange, the fund would acquire 80% of the football shares. If accepted, the proposal guarantees the group exclusivity for up to 90 days to carry out financial due diligence.

Although it does not require immediate statutory changes, the definitive progress would depend on amendments to Santos’ bylaws, which would need to be approved by the Deliberative Council and the General Assembly of Members, making the process lengthy.

Saint Dominique is a private fund based in the United States, connected to the Santo Domingo family fortune. The idea, according to reports, is that management would be handled by market professionals, without public figures directly leading the club.

The proposal includes clauses that prevent changes to historic elements, such as the name, anthem, uniform colors, and headquarters. Representatives of the group are expected to visit Brazil in the coming months to get to know Santos’ facilities.

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

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