Vasco SAF sale to Marcos Lamacchia, key facts on the deal and timeline | OneFootball

Vasco’s SAF sale to investor Marcos Faria Lamacchia is advancing in a court-led competitive process, though no deal has been closed.

Marcos Faria Lamacchia, son of Crefisa owner José Roberto and Junia Faria of Banco Alfa, runs his own investment career. According to Globo.com, negotiations followed an earlier, unsuccessful 2024 approach by José Roberto to 777 Partners, and later took shape with Marcos. Palmeiras president Leila Pereira is not a party, with José Roberto acting as guarantor, and any future assistance from her would be after 2027.

His offer includes R$500 million for football, R$150 million ring fenced for the training centre, payment of concursal and non concursal debts of about R$1.3 billion, and coverage of cash deficits for five years, currently around R$300 million per year. On club and bidder calculations, the package exceeds R$3 billion.

Debts would be assumed and settled in line with the SAF’s court supervised recovery plan, with Lamacchia committing to guarantee and bring forward resources for the next two years of obligations.

Almirante Participações, Lamacchia’s company, has tabled a concrete bid that serves as the minimum reference in the competitive process. Third parties can submit offers, and if none prevail, Lamacchia’s bid is awarded by the court, then goes to Vasco’s Deliberative Council and General Assembly to form the new SAF.

The SAF is currently under the club’s social management led by Pedrinho. The shareholding is split, 777 holds 31%, Vasco 30%, and 39% is under arbitration.

DIP financing has been used to keep operations going. A competitive process last year was won by Crefisa, which lent R$80 million, a loan Lamacchia would take on and forgive if he becomes owner. In 2026, Almirante Participações lent R$40 million, and a further R$150 million has been requested as an advance on capital.

A new financial audit is required before any fresh loan, and the R$150 million, alongside prior loans, would total R$270 million from the same group, something flagged as a potential obstacle to competition. Without new funds, Vasco cannot add further reinforcements in this window and fears falling behind on its recovery schedule.

Flamengo has asked ANRESF to review Vasco’s finances, arguing the club is active in the market while seeking emergency credit. BAP has publicly opposed the sale, prompting a strong rebuttal from Pedrinho, and Leila Pereira has reiterated that she has no involvement and remains Palmeiras president until December 2027.

Source: Globo.com

“Artificial intelligence was used to assist in creating this article based on reporting from the original source quoted.”