Vasco and Marcos Lamacchia split on reinvestment model as SAF sale nears | OneFootball

Vasco are close to agreeing the sale of their SAF to Marcos Lamacchia, but talks remain snagged over how transfer income would be used. According to Globo.com, negotiations are advanced.

The club wants 100% of player sales proceeds reinvested in football, through signings, renewals or improving contracts. Lamacchia’s group does not accept that demand, preferring freedom to allocate funds without ringfencing for new players.

Talks are regular and interest is mutual, with the impasse confined to a few significant points. The investor argues that, if sale proceeds cannot support his plan, the overall deal value would be lower.

Vasco president Pedrinho met Lamacchia on Tuesday, and the deal moved forward significantly. Both sides see minor late hurdles as normal given the scale of the contract.

All involved believe a middle ground can be reached soon. The next step would be a memorandum of understanding, which could arrive in May, though the club is cautious and sets no deadline.

There is already consensus on minimum commitments across transfers, wages, the training centre, cash flow, Olympic sports and debt, with repayments following the judicial recovery plan.

The purchase concerns 90% of Vasco SAF.

The SAF is split 30% for the club association, 31% for 777 from 2022, and 39% held by Vasco under a court order amid arbitration. Planned SAF investment would top R$ two billion, covering debts, works at CT Moacyr Barbosa and minimum annual team spend.

Source: Globo.com