Expert: Lamacchia’s financial edge key, rivals may contest deal | OneFootball

The potential sale of Vasco da Gama SAF to Marcos Lamacchia has caught the attention of the CBF due to the investor's familial connection to the president of Palmeiras, Leila Pereira. To understand the legal feasibility of the deal, the channel Business Law, led by professor José Humberto, dissected the case in light of the SAF Law and the General Competition Regulations. The conclusion is that the operation is legally possible, but requires a robust shield against third-party challenges.

According to the expert, the sale is at an advanced stage (“phase 4”), with due diligence practically completed and the Judicial Recovery plan approved, which provides security regarding the club's liabilities. However, the alert raised by the CBF refers to the risk of multi-ownership (the same group controlling two clubs in the same division), something prohibited by Article 86 of the regulation, which extends the ban to relatives up to the second degree.

+ Vasco sees legal security and advances SAF negotiation with Marcos Lamacchia; journalist projects sale in 2026

Is a stepson considered a son? Financial autonomy as defense

The central point of the debate is whether the figure of a “stepson” is equivalent to that of a “son” for the purposes of legal impediment. According to the professor, although the literal interpretation might suggest the connection, the great asset of Vasco and Lamacchia is financial autonomy.

Marcos Lamacchia does not economically depend on Crefisa or Leila Pereira. He is the heir of José Lamacchia but also has direct lineage with the founding family of Banco Real and Banco Alfa.

This independence is the main argument to prove that there will be no cross-influence or “friendly games” between Vasco and Palmeiras.

Marcos Lamacchia – Photo: Reproduction

Rival clubs may block the operation

Despite defending the legality of the sale, the expert issues an important warning: the operation is not immune to attacks. Even if the CBF accepts the arguments, other Serie A clubs may question the legality of the transaction, claiming it violates the equality of the championship.

According to the professor, Vasco will need to thoroughly substantiate that the familial connection, in this specific case, does not generate decision-making influence, veto, or indirect agreements. If governance and compliance are strict, the sale has everything to be approved, ensuring the urgent resources the club needs.

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