Vasco and city hall sign deal to kick-start São Januário renovation | OneFootball

The São Januário renovation project reached its most important milestone so far this Friday. In a ceremony at the City Palace, Vasco da Gama and the Rio de Janeiro City Hall signed the definitive agreement for the transfer of the stadium’s construction potential. The signing of this document is the fundamental step that authorizes the club to commercialize the asset and thus secure the resources for the construction.

+ Vasco gains another stadium option to use during the São Januário renovation

The club can now commercialize the construction potential

With the agreement signed, Vasco obtains formal authorization to negotiate the construction potential with developers who already have purchase options. From this moment on, the club will begin the final negotiations for the drafting of the deeds, which will effectively release the funds for the project. The ceremony was attended by Mayor Eduardo Paes and President Pedrinho.

Mayor signs the São Januário construction potential agreement – Photo: Dikran Sahagian

President celebrates the “milestone in Vasco’s history”

President Pedrinho celebrated the signing as a historic moment and thanked those involved in the process. He stated:

The second vice-president, Renato Brito Neto, who led the entire process for the club, was also present at the ceremony. The formalization of this stage allows Vasco to move on to the final phase of the financial structuring of the project, which will modernize the historic stadium.

Agreement signing completed – Photo: Dikran Sahagian

Rio’s Mayor celebrates the signing of the agreement

Present at the ceremony, the mayor—and big Vasco fan—Eduardo Paes celebrated the project’s progress on his social media. In a video, he was straightforward and celebrated the step taken. The mayor stated:

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