CBF fair play flags hurdles for Vasco SAF takeover, details here | OneFootball

The potential acquisition of Vasco's SAF by Marcos Faria Lamacchia, son of José Roberto Lamacchia, owner of Crefisa, has reignited the debate over conflicts of interest behind the scenes of Brazilian football. The discussion gains momentum due to the fact that Leila Pereira, José Lamacchia's wife, is the current president of Palmeiras.

The new financial fair play regulation by the CBF, which will come into effect from 2026 during a transition period, includes a specific section dedicated to club multi-ownership. The text establishes rules and prohibitions related to control and significant influence, aiming to preserve the integrity of competitions and avoid conflicts of interest.

Although Vasco and Palmeiras adopt different management models — the Rio club structured as SAF and the São Paulo club maintained as an association — the regulation is not limited only to the figure of the formal owner. The document broadens the concept by addressing “significant influence” over clubs competing in the same national competitions.

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Photo: Reproduction/CBF.

Article 86 of the regulation clearly states that it is strictly forbidden for any individual or legal entity to hold, directly or indirectly, control or significant influence over more than one club. The text considers significant influence as the ability to direct financial or operational policies, exercise relevant vetoes, appoint key administrators, or hold, individually or jointly, more than 10% of voting rights, in addition to financing contracts that grant decision-making power.

Another sensitive point concerns family relationships. The regulation determines that, for the purposes of determining control or influence, the shares and powers of the individual must be added to those of their spouse, partner, or relatives up to the second degree. According to the Brazilian Civil Code, the relationship between stepchild and stepmother is classified as a first-degree relationship by affinity, which could include Leila Pereira and Marcos Lamacchia in this analysis.

If a conflict is identified, the regulation provides a 30-day period for its resolution before the start of the competition in which the clubs are registered. While the situation is not resolved, operations between the involved clubs, such as loans or transfers of athletes, cross sponsorships, sharing of strategic information, assignment of professionals, and commercial clauses that compromise competition are prohibited.

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Photo: Reproduction/CBF.

The rule also prohibits the simultaneous participation of key administrators in clubs belonging to the same ecosystem of influence, extending the restriction to spouses and relatives up to the second degree of these directors.

Consulted by ESPN, professionals involved in drafting the regulation indicated that, if the negotiation advances as speculated, the deal could, in theory, infringe the CBF's financial fair play rules.

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