Vasco da Gama advance 90% SAF sale worth more than R$ 2 billion | OneFootball

Vasco da Gama have moved towards a landmark sale of 90% of their SAF for more than R$ 2 billion. According to PaponaColina, decisive talks with investor Marcos Lamacchia on Wednesday 25 agreed the financial framework.

President Pedrinho voiced strong confidence during a visit to the CBF this week, though the federation remains silent until signatures. The deal must clear a final investment schedule, then be approved by the Conselho Deliberativo, Conselho Benemérito and other bodies at São Januário. The buyer is also seeking financial fair play clearance.

A preliminary document sets required investments for player recruitment, full payroll coverage and upgrades at the Centro de Treinamento Moacyr Barbosa. It also injects cash flow and supports Olympic sports via incentive law, while making the investor assume all accumulated debts under the judicial recovery plan.

The legal structure involves A-CAP, which assumed the estate of former partner 777 Partners, with those sums included in the final price. The current split is 30% held by the club association and 31% by the US corporation, while a court has left the remaining 39% under Vasco’s control pending agreement or success in arbitration to transfer the full 90%.

Alongside the sale process, Vasco began judicial recovery payments this quarter and expects to close March with almost R$ 20 million settled. Up to R$ 8 million is due to civil and labour creditors by month end, with around R$ 10 million planned this week to a CNRD collective plan.

Source: PaponaColina