Vasco get court recovery plan approved, here’s what it means

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Papo na Colina

·9 October 2025

Vasco get court recovery plan approved, here’s what it means

Vasco da Gama announced, through an official statement, that the Judicial Recovery Plan was approved in the first call during the General Meeting of Creditors held this Thursday (9), in Barra da Tijuca, West Zone of Rio de Janeiro.

According to the club, the plan received 97.7% approval among the creditors present, representing a historic milestone not only for Vasco but also for Brazilian football. The decision consolidates a fundamental step in the process of financial restructuring of the Club de Regatas Vasco da Gama and Vasco SAF.

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“The historic decision represents a fundamental milestone in the financial restructuring process of Vasco and Vasco SAF, reinforcing the trust and credibility gained throughout the negotiations started in October 2024,” the statement highlighted. + Vasco: Pedrinho rushes to close with Atlético-MG player and aims for a competitive squad for 2026 Photo: Reproduction.

The approval of the plan ensures legal security for fulfilling the commitments made, as well as enabling the continuity of activities with stability, responsibility, and transparency.

Vasco also thanked the creditors' trust and emphasized the joint effort of all professionals involved in the process.

“This is another important step in building a solid and sustainable future for the club. We remain firm on this journey, certain that, with unity and work, we are stronger,” the note concludes. + European clubs are "eager" for Rayan from Vasco; see values Photo: Rafael Ribeiro / Vasco

The decision comes after weeks of debates and objections presented by former players and clubs that are part of the list of creditors. The approval in the first call represents a significant advance in the financial reorganization of the club, initiated back in 2024, when the court granted the preliminary injunction that paved the way for the judicial recovery process.

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