Vasco SAF: São Paulo court stalls 777 case against Marcos Lamacchia | OneFootball

The legal backstage surrounding control of Vasco SAF gained a decisive bureaucratic chapter on Tuesday afternoon (28). The São Paulo courts issued a statement on the judicial notice filed by 777 Carioca against Almirante Participações — the company that signed the agreement to acquire control of the new structure of Cruz-Maltino football. The judge in charge of the case chose not to analyze the merits of the immediate request, determining that the American company regularize its legal representation within the strict deadline of 15 days.

A detailed review shows that the foreign company’s directors must present a series of legal proofs for the action to be valid on Brazilian soil. Among the requirements set by the judge, the Americans must prove who in fact has the legal authority to sign on behalf of the brand in Brazil, submit all corporate documents translated into Portuguese through a sworn translation, and expressly indicate the address of its headquarters, branch, or subsidiary in the country. If the order is not complied with within the established period, the case will be dismissed without Almirante being notified.

+ URGENT! 777 files judicial notice and tries to block the sale of Vasco’s new SAF

Challenge over Vasco SAF assets and late-night movement

The case in question was initiated on Monday (27), when the former controllers of Vasco’s SAF decided to go to court to challenge the sale operation arranged by the association. In the document, the group claims it is still the legitimate owner of 70% of the football company’s shares and argues that the transfer of assets to a new company would strip the current legal structure of its assets. The claimants threaten to adopt all appropriate measures to invalidate the acts and seek compensation for any possible losses.

Parallel to the tangle involving the São Paulo judicial notice, the foreign company’s lawyers attached a new petition to the courts late last night, at around 11:50 p.m. The executives expressed interest in the progress of the main case — which currently has the effects of the injunction suspended — and said they are awaiting the conclusion of the official reports from the Watchdog (independent monitor). The situation indicates that the week will remain busy in the courts, with new updates expected in the coming days.

Who is 777?

777 was an American private investment holding company that entered Brazilian football by acquiring a majority stake in Vasco SAF. The group accumulated financial problems and legal disputes with the board of the membership club over the past few seasons, resulting in the loss of control of the football department.

Known for managing clubs under globalized corporate models, the company is trying to recover its political rights in court while Vasco speeds up the transition to a new commercial investor in the Brazilian Championship.

777 Partners before buying Vasco – Photo: Leandro Amorim / Vasco

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