Bombshell at Vasco! 777 Carioca goes to court to stop Vasco SAF sale | OneFootball

777 Carioca has filed a judicial notice in an attempt to prevent businessman Marcos Lamacchia from carrying out any act related to the purchase of Vasco football operations. Represented by the law firm Monteiro de Castro, Setoguti Advogados, the company opened in Rio de Janeiro by the American firm 777 Partners issued a formal warning claiming that any deal involving control of the institution could create serious legal problems in the future. The petition states outright that the former manager remains the legitimate owner of 70% of the SAF shares, accusing the club’s associative board of illegally negotiating the assets with the buyer as if the ownership rights no longer existed.

The foreign company’s argument is based on the fact that the injunction issued by the TJRJ (Court of Justice of the State of Rio de Janeiro) merely temporarily suspended its political and economic rights, without removing actual ownership of the assets. The main dispute over the shares purchased in 2022 — of which 39% have been subscribed — is still being discussed confidentially in an arbitration chamber at the Getúlio Vargas Foundation, with no final court ruling yet. The defense describes the current injunction involving Rio football as “precarious” and accuses the club of acting rashly by treating the former investment group as if it had been summarily removed from the deal.

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Bad-faith notice and formal warning

The judicial notice works behind the scenes as a formal warning tool so that the businessman cannot claim ignorance of the dispute in future collection actions. The filed request demands that Leila Pereira’s stepson fully respect 777 Partners’ property rights and halt negotiations that threaten or violate those contractual prerogatives. The lawyers stress that, once formally notified of the action, the buyer could be found guilty of bad faith if he decides to move forward with political meetings to seal the transfer of control of Vasco.

The move by the American legal department throws cold water on the plans of president Pedrinho, who hoped to sell the football shares as soon as possible and present the official MoU (Memorandum of Understanding) to the advisers. The Vasco president is leading the process of transferring control of the assets and providing a quick financial response to the institution. Despite the intense legal clash with the former controllers in court, negotiations between Vasco’s board and Lamacchia’s group continue to advance day by day in the offices.

Marcos Lamacchia – Photo: Reproduction

777 Partners x Vasco history

The current chapter of the political war exposes the definitive breakdown of an institutional relationship that began in 2022, when Club de Regatas Vasco da Gama sold 70% of its football operations to the American group under the promise of heavy financial investment. However, after a series of global financial crises affecting the foreign company itself and chronic operational delays in the agreed installments, Vasco’s current management sought legal backing in the courts of Rio de Janeiro to regain control of the shares. The definitive split led to an injunction that removed the company from the day-to-day management of the SAF, placing control of football back in the hands of the associative directors at São Januário.

This exclusion of the partner opened the way for president Pedrinho to begin direct talks to hand over share control to new partners with greater capacity for immediate investment. As administrative control of the SAF was provisionally changed by court order, the American holding company struck back in court to try to recover its financial assets and avoid exchange-rate losses before the final ruling in the arbitration chamber. The outcome of this corporate dispute in court will determine the bureaucratic course and legal certainty of the future sale of Vasco’s football operations.

Josh Wander, former CEO of 777 Partners, and Pedrinho, Vasco president – Photo: X/Twitter Vasco Intern

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