777 ‘files’ court notice to block Vasco’s new SAF sale | OneFootball

The battle for control of Vasco intensified on Monday 27, as 777 Carioca filed a formal court notice against Almirante Participações to try to halt the sale of the club’s new SAF, Colina 1927 reports.

In its document, 777 says it owns 70% of Vasco SAF and argues that the planned restructuring, which would transfer assets to a new company then sell 90% via the UPI Equity mechanism, would strip the current SAF and breach its shareholder rights.

It adds a formal warning, stating that if Almirante proceeds after being notified of the ongoing corporate and arbitral dispute, it will seek to stop the deal, invalidate any acts and claim losses. These are 777’s allegations in a legal filing, not a final court decision.

The sale plan sits within Vasco’s court-supervised restructuring. The approved plan created UPI Equity, allowing a court-authorised sale of the new SAF free of debts and liabilities. The case is being handled in the fourth Business Court in Rio de Janeiro.

Almirante, led by Marcos Lamacchia, entered as the stalking horse investor with the right to match competing bids. The package under discussion could exceed R$ two billion over the coming years.

Such a court notice formally records that the other party has been informed, often serving as a pre-litigation warning. The move adds legal uncertainty as the club and Almirante work to complete the process, while 777 signals it will resist. Attention now turns to Almirante’s response and the court’s next steps.

Source: PaponaColina