Seven firms eye São Januário’s development potential, check it out | OneFootball

Vasco da Gama has advanced negotiations for the sale of the construction potential of São Januário and already has the interest of seven construction companies, according to information released by the portal Atenção Vascaínos and confirmed by sources linked to the club. The internal expectation is that the matter will be resolved by mid-2026.

Among the interested companies, Patrimar Engenharia currently appears as the strongest contender. This movement excites the club’s management, who see the negotiation as a fundamental step to financially enable the stadium revitalization project.

Currently, the works remain on hold precisely because the club depends on the decision regarding the sale of the construction potential to move forward with planning.

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São Januário renovation project, Vasco’s stadium — Photo: Project by Sergio Moreira Dias, Felipe Nicolau, Willian Freixo, Clarissa Pereira, and Ana Carolina Dias

Vasco nears the end of SOD Capital’s exclusivity and expands talks in the market

Until February 12, SOD Capital still holds the right of first refusal to purchase the construction potential. The company even signaled a proposal exceeding R$ 500 million, intending to use the potential on land in Barra da Tijuca. However, within the club, there is a growing perception that the construction company will not exercise its right of first refusal, after successive deadline extensions—this is already the third.

Given this scenario, Vasco’s board members have intensified weekly meetings with investors, construction companies, and public officials. In one of the most recent meetings, Rio de Janeiro’s mayor, Eduardo Paes, was present and expressed dissatisfaction with the delay in defining the project.

Councilman Pedro Duarte stated that new companies have come onto the radar after these conversations:

– The mayor invited large, reputable companies with the capacity to carry out this project. They heard directly from the president that the construction potential will return to the market and showed interest in advancing negotiations — he said.

Even so, Vasco still does not rule out SOD Capital. Internally, the board believes that positioning itself in the market also serves as a way to pressure the company to make a definitive decision.

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Vasco da Gama vs. Botafogo for the Campeonato Carioca held at São Januário Stadium on February 8, 2026. Photos: Dikran Sahagian/Vasco.

With the support of the Rio City Hall and the endorsement of president Pedrinho, municipal executives presented the project to other construction companies and investment managers. The intention was to make it clear that, starting from February 13, the club will be free to negotiate with any interested party.

Currently, Vasco is working with an estimated budget of R$ 800 million to make the revitalization of São Januário sustainable. This amount is higher than the initial projection of R$ 500 million, adjusted due to the increase in construction costs. Among the main expected sources of revenue are the sale of the stadium’s naming rights, in addition to other fundraising possibilities.

The club has not yet set a deadline for the start of the works and admits that the first half of 2026 was already considered unlikely for the beginning of the renovation, as it awaits the outcome of the construction potential negotiation.

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