Vasco set to decide SAF sale at auction this Friday | OneFootball

​Vasco is experiencing a historic day for the future of its football operations with the judicial auction of Vasco SAF shares, scheduled for 2 p.m. this Friday (25), in Rio de Janeiro’s West Zone. Almirante Participações, a company owned by investor Marcos Faria Lamacchia, arrives at the closed hearing as the only qualified bidder in the process and is expected to be confirmed as the buyer, ushering in a new phase at São Januário.

​The auction is being held to fulfill a legal obligation arising from the judicial reorganization, allowing the bidder to act as the initial buyer with the right to match any rival offers. A positive outcome at today’s session, however, will not mean the immediate handover of the keys to the sports department, instead serving as the first in a series of mandatory steps before the final purchase agreement is signed.

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?Next steps and approvals at Vasco

​For the sale to be finalized, the management model designed for Vasco will still have to go through review by the Deliberative Council and a vote by members at the Extraordinary General Assembly (AGE). In addition to the political bodies at São Januário, the deal also depends on approval from Anresf (National Agency for the Regulation and Sustainability of Football), the regulatory body assessing whether there is a conflict of interest given that the buyer is the stepson of Leila Pereira, president of Palmeiras.

​As part of the guarantees required by the public notice, the future controlling party has already deposited R$27 million with the court this week, ensuring payment of two years of obligations under the reorganization plan and safeguarding labor rights. This amount is in addition to an emergency credit line of R$150 million approved by the judges earlier this month, of which R$65 million has already been used to pay squad bonuses and overdue installments, leaving R$85 million available for immediate withdrawal.

?Legal certainty and the end of litigation

​Calm behind the scenes was solidified after the definitive settlement of the legal disputes surrounding the previous management, allowing Vasco to move forward without the risk of interruptions or court-ordered freezes. 777 Partners gave up its court battles and withdrew appeals still awaiting judgment, while isolated attempts by creditors to halt the hearing and collect debts from the former partner were struck down or withdrawn before the session at São Januário.

​With the civil front cleared and all financial requirements met ahead of time, fans expect a favorable announcement later this afternoon. Confirmation of the winning bid will pave the way for financial restructuring and the modernization of the training center, restoring the professional football department’s ability to invest in pursuit of a leading role at national and continental level.

Mário Junqueira, Felipe, Marcos Lamacchia and Admar Lopes – Photo: journalist Diogo Dantas’ X/O Globo

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