Vasco SAF: 777 seeks club's appeal rejection in court | OneFootball

The legal dispute over control and governance of Vasco SAF saw another major development in the courts this Wednesday (29). 777 Carioca officially filed its counterarguments to the appeal submitted by Club de Regatas Vasco da Gama, formally requesting that the Court of Justice reject the interlocutory appeal filed by the Rio-based association. The document is a direct statement from the American company’s defense and is awaiting review by the judges.

In the arguments sent to the appellate judges, the holding company’s lawyers argue for the full maintenance of the preliminary injunction that ordered the temporary removal of members of Vasco SAF’s management and the appointment of a court-appointed manager. If the panel decides otherwise, the company submitted an alternative request for the enhanced oversight measures to remain in force, including the work of the independent watchdog, the periodic submission of reports, and prior notice of any financial transaction of major significance.

+ Vasco SAF: São Paulo court halts 777’s lawsuit against Marcos Lamacchia

Share ownership and barriers to the sale of Vasco SAF

The central point of the legal argument presented by the foreign investors directly affects the process of selling the assets to Marcos Lamacchia. 777 argues that, even with its political and economic rights precautionarily suspended by arbitration, it remains the legitimate owner of 70% of SAF’s shares. Based on this, the defense states that any sale or transfer of the football company necessarily depends on its consent or approval from the Arbitral Tribunal.

With both sides in the dispute having laid their cards on the table, the decision on the corporate future of Vasco’s football operations is now in the hands of the judges of the 20th Chamber of Private Law. It will be up to the panel to review the technical filings and rule on the merits of the oversight measures.

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