Vasco VP reveals new São Januário plans and income sources | OneFootball

The 2nd Vice President General of Vasco da Gama, Renato Brito, detailed in an interview the next steps and challenges of the São Januário renovation project. The official explained that the final capacity of the stadium is still a variable. Additionally, he revealed the three main avenues the club is exploring to complement the project's funding, including an innovative model with direct fan participation.

+ Vasco meets with businessman and is close to sealing the sale of construction potential

Final capacity is still an unknown

Renato Brito was clear in stating that the project is almost a total reconstruction. He said:

Therefore, the final capacity is not yet set in stone. The size, which can range between 40,000 and 57,000 seats, will depend on soil studies and, primarily, the cost. The goal is to build a financially viable stadium with an occupancy rate above 70%, avoiding the mistakes of other clubs that built unprofitable arenas.

He also reassured the fans about the loss of seats:

Vasco details the three sources of funding

The value from the sale of construction potential, close to R$ 600 million, may not be enough to cover the entire cost of the project. Therefore, the club is working with three mechanisms to raise more resources. The official explained:

The third option is the most innovative. Vasco is considering creating a Real Estate Investment Trust (REIT) based on the right to exploit the stadium. The major difference compared to other models, like that of Palmeiras, is the target audience.

The idea, therefore, is to have the fans themselves as partners and direct investors in the club's new home.

+ Follow Papo na Colina's social media: Thread, Bluesky, Twitter, Facebook, Instagram, Youtube, Tiktok and Google News

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