Vasco move forward with red tape for São Januário development rights sale | OneFootball

After the historic signing of the transfer agreement with the Rio de Janeiro City Hall, Vasco da Gama has already begun the next steps to finalize the sale of the construction potential of São Januário. The club is now focused on registering the agreement and conducting due diligence with the developers, the final stages to secure more than R$ 600 million that will finance the stadium’s renovation.

+ Vasco and City Hall sign the agreement that enables the renovation of São Januário

Vasco working on registering the agreement in the property’s deed

The first bureaucratic step is already underway. Vasco has started the process of registering the agreement in the deed of São Januário. This procedure is essential to give legal validity to the transfer agreement and make it official to third parties, ensuring the security of the entire operation.

With the legal part in progress, the club is preparing to begin, as early as next week, the “due diligence” phase with interested companies. In this process, the two developers – SOD Capital (interested in 250,000 m²) and another, whose name remains confidential (interested in 30,000 m²) – will conduct an in-depth analysis of the documents and business conditions before the final signing.

Project of the new São Januário – Photo: Publicity

Feasibility studies for the project continue in parallel

While negotiations move forward, Vasco continues to carry out feasibility studies to determine the final capacity of the new stadium. There is still no fixed number, but the estimated audience ranges between 43,000 and 57,000 spectators. The conclusion of this stage, combined with the sale of the potential, will leave the club ready to begin construction.

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