Fluminense and SAF: what’s next in the transformation process | OneFootball

On Monday night (8), Fluminense presented the proposal from the management company LZ Sports, of Lazuli Partners, for the creation of the SAF (Sociedade Anônima do Futebol). Now, these are the next steps:

1. Official presentation and start of discussions

The proposal has already been shown to the Fiscal and Deliberative Councils. The next step is the creation of internal committees to analyze the terms of the contract, including specific clauses and technical details. At least three meetings are scheduled to discuss the main points.

2. Voting in the Deliberative Council

After these discussions, the proposal will be submitted for approval by the Deliberative Council. This vote will not take place before the club's presidential election, scheduled for the second half of November.

3. General Assembly of members

If the councilors approve the proposal, it will be submitted to the Extraordinary General Assembly for the members' deliberation. Only after this vote can the SAF be implemented.

4. Audit and due diligence

In parallel, the purchasing group will begin audits and accounting analyses to thoroughly understand the club's financial situation, especially regarding existing debts.

5. Estimated timeline

If everything goes as planned, the process of signing the contracts and payment of the sale could be completed within 90 days, with the effective transformation of Flu into SAF expected by February 2026.

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