Vasco ‘to demand’ debt cover and major spend in Marcos Lamacchia SAF talks | OneFootball

Vasco and representatives of Marcos Lamacchia have advanced talks over a sale of 90% of the club’s SAF, with draft terms now being exchanged, Colina 1927 reports. The prospective deal targets funding for the judicial recovery plan and significant investment in the squad.

Despite optimism for a resolution within weeks, caution remains. Councils must approve the deal, and a solution is needed for the A-CAP stake that took on 777 Partners’ assets. President Pedrinho and the G8 are also weighing whether a sale is needed now, given recent financial breathing room.

Vasco has set three pillars. First, the buyer must assume all debt, at least R$ 1 billion, covering judicial-recovery liabilities and tax debts under discussion with the PGFN. Second, meaningful spending on signings, with financial penalties for poor results.

Third, infrastructure, with heavy investment to equip the training centre for first team and academy, and talks over ringfencing player-sale income in a recruitment fund. ANRESF rules, created by the CBF, bar investors from significant influence at more than one team. As the buyer is Leila Pereira’s son, agency chief Caio Resende told ge the case will face rigorous scrutiny and can be complex.

To avert a veto, lawyer André Sica is studying a blind trust that would place assets with an independent administrator and suspend voting rights. The founder of Blue Star and a former Crefisa director is following the process. The legal team is also seeking to recover 39% of shares in arbitration, with the association on 30% and a foreign manager on 31%.

Source: PaponaColina