US ruling clears A-Cap to market Vasco SAF | OneFootball

The sale process of Vasco's Football Corporation (SAF) has taken an extremely significant international turn in recent days. A court ruling issued in the United States removed one of the main bureaucratic obstacles to negotiating the Rio club’s shares, paving the way for new investors to take definitive control of the football department at São Januário.

The news was investigated and reported by the NT Vascaínos page last Sunday (05), based on documents from the legal portal Court Listener. On March 16, the Second Circuit Court of Appeals, based in New York, issued a favorable opinion for insurer A-Cap in the broader financial dispute involving the global operations of 777 Partners, the club’s former manager.

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Kenneth King is A-Cap’s CEO – Photo: Reproduction

The case against 777 Partners and relief for Vasco

The original lawsuit was filed by investment manager Leadenhall Capital Partners LLP, which is seeking to recover a debt of more than US$600 million over an alleged breach of contract involving loans granted to companies in the 777 group. At first, the U.S. courts had authorized a preventive freeze not only on assets directly tied to the debt, but also on guarantors linked to A-Cap.

However, the Court of Appeals decided to overturn that harsh precautionary measure. The court found that Leadenhall does not have a secured interest in those assets and that its claim, under the current circumstances, is limited to a contractual dispute over damages, without the direct right to freeze specific third-party assets. Although the main case involving fraud and breach of contract is still ongoing, the immediate release of the funds is seen as a crucial victory.

A clear path for Marcos Lamacchia at Vasco

In practical sporting and financial terms, the lifting of this judicial freeze restores to A-Cap the freedom it needs to manage and sell its assets on the market. The American insurer currently holds about 31% of Vasco SAF’s shares. With the freeze lifted, the company is able and legally authorized to negotiate its ownership stake with any interested buyer, easing pressure on its cash flow.

This legal move could drastically accelerate the administrative transition at the Giant of the Hill. Behind the scenes in the financial market, businessman Marcos Faria Lamacchia continues to be strongly pointed to as the main interested party and the clear frontrunner to directly acquire these released assets, shaping a new future for the Rio club’s financial and sporting structure in the coming months.

Lamacchia emerges as the name closest to buying Vasco SAF – Photo: Reproduction

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