Wow! Fresh twist as Crefisa linked with Vasco | OneFootball

The name of Crefisa has once again been circulating in the backstage of Vasco, but contrary to speculation, there is no sponsorship negotiation underway. According to the Podcast Cruzmaltino, the company will not be sponsoring the club, and Betfair, the current master partner, has priority to renew for two more seasons.

A member of the Vasco board was straight to the point when asked about the supposed entry of Crefisa in the Cruzmaltino uniform:"Lie... none of that!"

The contract with Betfair ends at the end of 2025, but talks to extend the agreement are already underway, reinforcing the good relationship between the club and the betting house.

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Photo: Dikran Sahagian/Vasco

But where did the Crefisa story come from, then?

The institution's name appeared because of a loan agreement with Vasco, which recently had changes in its terms. The club reduced from 20% to 10% the slice of the SAF offered as a guarantee in the operation, after a recommendation from the Joint Judicial Administration.

The total value of the credit remains the same: R$ 80 million, with the change only in the structure of the guarantee. According to the portal ge, the new petition was sent on Monday (6), and the operation still depends on judicial authorization, as provided for in article 69-A of the Bankruptcy Law (11.101/2005).

Vasco justified the renegotiation as a measure of "good faith", seeking to avoid future questions about the validity of the contract. In addition, the club asked for authorization to present the new documents in a sealed envelope and under court secrecy.

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Photo: Matheus Lima/Vasco

The credit granted by Crefisa will be allocated to current expenses, such as salaries, suppliers, and taxes, and should be released in installments: R$ 30 million immediately, plus R$ 40 million by the end of October, and two other installments of R$ 5 million in the following months.

With this, the Vasco's financial plan foresees a total cost of about R$ 170 million to maintain its operations until the end of 2025.

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