Vasco and 777 Partners agree deal, 90% sale of new SAF cleared | OneFootball

Vasco da Gama, Vasco SAF and 777 Carioca LLC have reached a definitive arbitration settlement, with the US firm formally not opposing the sale and transfer of 90% of shares in a new SAF. The joint step ends litigation that had stalled the club’s football restructuring under judicial recovery.

According to PaponaColina, the parties filed a joint petition at the Câmara FGV de Mediação e Arbitragem confirming the accord. As part of the deal, 777 will withdraw all lawsuits, appeals and challenges lodged against plans led by president Pedrinho.

The agreement records that disputes in arbitral case 10/2024 are settled by consensus. It says 777 does not oppose the Judicial Recovery Plan, the creation of a new company via a dropdown of Vasco SAF’s sporting assets, the set up of an Isolated Productive Unit to sell that equity through a competitive process, and the transfer of the stake to the winner. It also supersedes a petition 777 filed on 21.08.2026, and confirms withdrawals and a waiver of the underlying rights.

In practice, the deal removes a major legal uncertainty that had deterred investors. 777 accepts the dropdown, shifting player contracts, broadcast rights and competition berths to a clean entity.

By agreeing to the UPI Equity, Vasco can auction the stake in its football operation under bankruptcy law protection, so a buyer, such as the Marcos Lamacchia group, takes the stake without historic debts or the risk of actions by the former owners.

Final approval will be slightly delayed. The Administração Judicial, independent Watchdog and governance Gatekeeper have requested a deadline of Friday the fourth to submit a unified report on risks and alternatives, after a previous cut off on Wednesday.

Source: PaponaColina

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