Billion-pound deal: Step by step guide to Vasco SAF’s sale to Lamacchia | OneFootball

The transition process in the control of Vasco da Gama SAF takes on new dimensions with the progress of negotiations between the club and businessman Marcos Faria Lamacchia. Since December 2025, the parties have been holding weekly meetings to discuss the terms of the acquisition. The 47-year-old investor, heir connected to Crefisa and the former Banco Real, plans to acquire between 70% and 90% of the shares, with an investment projection of R$ 2 billion over the next five years.

One of the central points of the discussion involves the legal security of the deal. In light of questions about a possible conflict of interest — as Lamacchia is the stepson of Leila Pereira, president of Palmeiras — the board led by Pedrinho stated they are safeguarded and remain optimistic. The next crucial step is the signing of a memorandum of understanding, which will serve as the basis for the formal proposal to be presented to members and advisors.

The information comes from journalist Lucas Pedrosa.

+ Sale of Vasco SAF: Meeting between Marcos Lamacchia and A-CAP ends with agreement and negotiation advances

The strategy for A-CAP shares

To accelerate the entry of the new investor, Vasco is working to resolve the issue of the 31% of shares that belonged to 777 Partners and are now managed by A-CAP. Although the club trusts that arbitration would recognize the possession of the shares in favor of the association due to reckless management, the legal process is considered slow. Therefore, Vasco is negotiating the direct purchase of this portion for amounts between R$ 60 million and R$ 90 million.

The intention is for the club itself to acquire these shares and immediately transfer them to Marcos Lamacchia as part of the sale package. This maneuver would eliminate the obstacles posed by the American insurer and deliver a clean operation to the new owner, free of legal issues with former partners. The internal atmosphere is one of cooperation, as both sides share the same goal of professionalizing the football department by 2026.

Marcos Lamacchia wants to buy Vasco SAF – Photo: Reproduction

Sales process and transparency for Vasco members

Unlike the process conducted in the previous sale, the current management promises full transparency regarding the contractual details. After the memorandum is signed, Vasco will call an Extraordinary General Assembly (AGE) for members to evaluate the proposal. If approved, the sale of the SAF will necessarily go through an auction, where Marcos Lamacchia will have the right of first refusal to cover any bids and take control.

The completion of all stages is not expected to be immediate, but the schedule foresees that the conclusion will occur this season. If realized, the billion-dollar investment will be directed both towards strengthening the squad and making structural improvements, including investments in CT Moacyr Barbosa and São Januário. Above all, Vasco seeks a solid governance model to avoid mistakes made in the past management.

+ 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.