Fluminense's SAF set to progress after 2025 accounts release | OneFootball

The process of creating and possibly selling Fluminense’s SAF is still underway, but it is currently going through a period with few public updates. At the moment, the negotiations are in the due diligence phase, a stage in which the interested group is given confidential access to the club’s documents before moving forward with a formal proposal.

To complete this phase, the Tricolor must publish its 2025 financial statements, with the deadline set for April 30. The board is working to bring this process forward and speed up the next steps of the negotiations. The information comes from GE. 

The management is handling the matter cautiously and intends to renegotiate terms with Lazuli Partners, which is responsible for the acquisition proposal. The idea is to improve the agreement’s conditions, especially if the club’s debt was reduced over the past year.

Contacted for comment, Fluminense did not comment on the progress of the talks. The board intends to take a position only at a meeting of the Deliberative Council, which will be broadcast live on FluTV, once the due diligence phase is completed and the official documents, such as the investment agreement and the shareholders’ agreement, are finalized.

In addition, the club will also have committees made up of council members and club members to analyze the proposal and discuss the most appropriate scenario for its institutional future. The final decision on the creation of the SAF will be made through a vote by the members.

The matter is considered a priority for the administration of president Mattheus Montenegro, elected at the end of 2025, whose goal is to bring transparency to the process, including broadcasting the meetings for members and supporters.

According to information previously released, the initial proposal provides for an investment of R$ 6.9 billion over 10 years. The project includes an initial injection of R$ 500 million by a fund made up of around 40 Fluminense investors, in addition to taking on a debt estimated at R$ 871 million.

The terms also provide for the possibility of increasing the investment amount if the club’s total debt is reduced or if there is a change in the percentage being negotiated. Internally, the expectation is that the entire process will be concluded, with or without the transformation into an SAF, by the middle of the year.

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