Santos receive R$ 1 billion SAF offer from Colombia, debts to be covered | OneFootball

According to Globo.com, Santos have received a non-binding proposal for majority control of their SAF worth around R$ 1 billion, with the bidder also prepared to assume club debts estimated at up to R$ 1 billion. As less than 100% of shares would be acquired, the implied valuation would exceed R$ 2 billion.

The approach is led by the Santo Domingo family, which controls Valorem, owner of TV Caracol in Colombia and shares in AB Imbev, and holds a minority stake in the Washington Commanders. Their new investment fund is based in Miami.

Santos hired XP Investimentos in May last year to assess the market and seek investors, and this is the first formal offer. Since May 2025 the club has worked through a lengthy process to present its potential to investors.

Following review of detailed financials, the family proposed around R$ 2 billion in total, combining fresh capital with the assumption of debt, and the club would retain a minority stake. Santos can now renegotiate terms and, if satisfied, grant exclusivity and begin preparing statutory changes.

The current statute blocks a sale of this scale, but a targeted amendment focused on SAF terms could be put to the Deliberative Council, then to members, for a vote. Only after approval could the bid become binding, with specifics such as annual injections to be defined.

The offer includes protections for club identity, covering the name, official anthem, core colours and location. Representatives from Colombia are expected to visit Brazil in the coming months to inspect the facilities.

Source: Globo.com