Pedrinho details progress in Vasco SAF sale to Lamacchia family

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Papo na Colina

·24 marzo 2026

Pedrinho details progress in Vasco SAF sale to Lamacchia family

President Pedrinho revealed that negotiations for the sale of Vasco da Gama’s Sociedade Anônima do Futebol (SAF) have entered a decisive stage, with considerable progress behind the scenes. The main name involved in the talks is investor Marcos Faria Lamacchia, son of José Faria Lamacchia, owner of Crefisa, and stepson of executive Leila Pereira. Detailed information about the talks with the new interested parties was first published by ge.

The club’s board has taken an extremely cautious approach to structuring the new contract, using the serious mistakes made in the previous partnership with 777 Partners as a major lesson in the search for institutional stability. The head of the Rio club explained the current stage of the deal:

OneFootball Video

“We are at a very important stage. I can’t give a date, I can’t give a name, but it’s on an interesting path, and I need to be very cautious in structuring the contract. You have a clear example of what happened with the former partner. That’s exactly why there was a search for a serious investor, with credibility, someone well-known to everyone, so that Vasco becomes a structured club for the rest of its life.”

+ Court clears shares and Vasco moves forward to sell SAF; expert breaks down ruling: “They are free now”

Details of the negotiating table and shareholding split

Talks between Vasco’s representatives and the investor’s team have advanced in recent weeks, addressing complex and fundamental issues for the institution’s financial health. The discussion agenda includes the judicial reorganization payment plan, the makeup of the tax debt that is not part of the main agreement, and the size of the investment intended to make the squad more competitive. Lawyer André Sica, a professional with extensive experience in other transactions across Brazil, is leading the negotiations representing the interests of the Lamacchia family.

The structure of the sale runs into the current division of share control in Vasco’s football department, which requires legal resolutions to complete the transfer of 90% of the shares to private ownership. At the moment, 30% of the control belongs to the member-run club, while 31% remains in the hands of the former American partner, now A-CAP. Another 39% of the shares remain under the control of the Gigante da Colina by court order, but that amount is still under discussion in the arbitration chamber and requires a final decision before it can be sold.

Pedrinho, Vasco president — Photo: Reprodução

Caution over deadlines and Vasco’s election year

Expectations surrounding the closing of the deal during 2026 continue to stir the scenes behind the scenes at São Januário, with more optimistic factions believing a positive outcome could come within just a few weeks. The president chose to avoid setting an exact deadline for signing the paperwork, highlighting the importance of strengthening the team’s structure:

“When people talk about SAF, they are obviously talking about a transition from an association to a corporate club. People take the model of a club that was immediately successful, and suddenly that may not be ideal for the club’s stability. We do not want Vasco to be known as a club that does not pay salaries. Under my management, that has never happened, and it will not happen. Consequently, strengthening the structural sectors, signings, investments — this is an important step that Vasco is close to taking, but there’s no way to be definitive about it so as not to create any kind of expectation. I don’t want to give a date, but I hope so.”

The intense movement in the share market coincides with the final year of the current administration’s presidential term, raising several internal questions about a possible reelection bid. The executive preferred to dodge the subject in order to avoid political turbulence affecting the atmosphere around the professional squad:

“Regarding my candidacy, I’m not going to talk about that now. An election year is always very complicated to live through at São Januário. That’s why I don’t even talk much about it, so as not to bring it into the stadium. It bothers me a lot — today I’m part of the current administration, and I was never opposition, just to make that clear. I supported another candidate but was never opposition. It’s a word that, for me, should change. It’s a complicated year, and I have to be very careful because I don’t know how many infiltrators there may be in the stands to stir things up negatively.”

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