Vasco extends investor deal, São Januário potential sale gathers pace | OneFootball

Vasco da Gama and SOD Capital, a company interested in purchasing the construction potential of São Januário, have agreed to extend the deadline for the exercise of the purchase option. The investment manager, who had already signaled the intention to close the deal, will now have until December 12 to complete the operation that will finance the stadium's renovation.

+ Vasco's Vice President details the project and revenue sources of the new São Januário

Vasco awaits the release of a document from the City Hall

The extension of the deadline, whose initial agreement expired on the last 15th, was a bureaucratic necessity. According to the ge portal, Vasco is still awaiting the publication of the Transfer of Construction Potential Term by the Rio de Janeiro City Hall. The possession of this document is the last step needed for the club to actually negotiate the final conditions and sign the sale. The internal expectation is that the term will be released in the coming weeks.

Despite the need to extend the deadline, the backstage atmosphere is totally optimistic. SOD Capital has already informed Vasco that it will indeed exercise the purchase option. The value of the deal, in fact, is expected to be higher than the R$ 500 million initially projected by the board.

New São Januário will come off the drawing board – Photo: Disclosure/Vasco da Gama

Operation is fundamental for the club's future

The sale of 100% of the construction potential of São Januário, divided between SOD Capital and another company, is the cornerstone of the stadium modernization project. Vasco, which has the advice of Genial bank, remains confident that all procedures will be completed in time for the dream of the new Cauldron to start coming off the drawing board.

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