Vasco da Gama SAF sale intensifies as secret second investor enters race | OneFootball

Vasco da Gama SAF’s sale of control has intensified, with a second undisclosed investor now competing on terms similar to the leading proposal. According to PaponaColina, talks with this confidential bidder run in parallel with negotiations already in the market.

The identity remains secret and there is no firm deadline. The transition demands six formal stages, three completed so far. Still to come are the finalising the valuation, internal board approval, validation by the Conselho Deliberativo and a members’ vote at an Assembleia Geral Extraordinária.

Given that process, the deal is viewed as unlikely to close by the end of April or the start of May.

Confirmed on the other side is Marco Lamacchia, CEO and founder of Blue Star, with banking experience and a stint as a Crefisa director. He is the son of José Roberto Lamacchia, owner of the credit institution and husband of Palmeiras president Leila Pereira.

Talks led by Lamacchia, now alongside the hidden rival, point to a robust plan. The proposal signals more than R$ two billion for football across five years. It envisages a 70% to 90% majority, leaving the civil association as a minority.

Whoever prevails must untangle legal issues in São Januário, and the valuation is still open. The association holds 30%, 31% was tied to the former 777 Partners administration and now answers to the North American company’s creditors, and 39% is blocked in arbitration pending a legal resolution before any definitive contract.

Source: PaponaColina