Vasco and Marcos Lamacchia move towards SAF sale worth over R$ 2 billion | OneFootball

Vasco da Gama and representatives of Marcos Lamacchia have moved towards agreement to sell 90% of the club’s SAF for more than R$ 2 billion after talks this week.

According to Globo.com, the agreement depends on a final investment plan and approval by club councils, while Lamacchia works to satisfy CBF financial fair play.

A pre-agreement sets minimum outlay for transfers, the wage bill, training centre infrastructure, cash flow and Olympic sports via incentive law. All club and SAF debts are covered, following the judicial recovery plan.

Vasco has not commented, though Pedrinho showed confidence at the CBF this week. The club is confident Lamacchia will invest beyond the minimum, the A-CAP slice from the 777 estate is Vasco’s responsibility and included in the price, and neither side expects obstacles.

In parallel, judicial recovery payments began in the first quarter, with almost R$ 20 million expected to be settled by the end of March. Around R$ 10 million is due this week via a CNRD plan, while another still awaits approval.

The SAF has lacked an investor for nearly two years, after a lawsuit removed 777 before its global bankruptcy, and Vasco has remained up to date with its obligations since.

Marcos Lamacchia founded Blue Star in 2011, previously served as a Crefisa director and worked at Banco Alfa. Current SAF ownership is 30% for the association, 31% with 777 and 39% under Vasco, pending arbitration, and selling the disputed stake will require an agreement or a court ruling.

Source: Globo.com