Vasco: legal impact of 777's new gambit, checkmate in the SAF? | OneFootball

The latest legal move by 777 Partners behind the scenes of Vasco SAF could bring serious consequences for all parties involved in the deal. According to the detailed explanation given by professor and attorney José Humberto, a specialist in Corporate Law, the notice sent to investor Marcos Lamacchia is a very dangerous play that creates a scenario of total legal uncertainty. The expert warns that the lack of a final decision in arbitration leaves the environment completely chaotic just as the sale of 90% of the shares was about to happen.

+ Bombshell at Colina! 777 Carioca goes to court to block the sale of Vasco SAF

Vasco x 777 Partners

The central point of the dispute lies in the disagreement over the foreign holding company’s actual ownership stake. While the club publicly recognizes only 31% of the shares — equivalent to what it actually paid before the contract was suspended — the American company claims in its legal notice that it owns 70% of the SAF, arguing that 39% of those shares have already been paid for and subscribed.

The major new detail revealed by the expert is the holding company’s claim that the club itself had already acknowledged ownership of those 39% within the confidential arbitration proceeding. As José Humberto points out, “since there is no ruling from the courts or from arbitration, for all intents and purposes 777 owns a part of Vasco, which is those 31%. That’s written there in the share register.”

The risks for the investor and the future of Vasco SAF

The major practical danger of this notice lies in its strong psychological and financial impact on the buyer. 777 directly accused Marcos Lamacchia, stating that if he proceeds with the purchase while aware of the dispute, he will be acting in clear bad faith and will be held personally liable for all damages caused.

He adds a warning about the unpredictability of the case:

If this legal threat causes the businessman to back out, the damage to the Rio club will be immediate and devastating. Without the money from this sale, the club’s association-led management under Pedrinho will have to restart from scratch the search for a new investor and will face serious cash-flow problems to keep payroll up to date, honor the commitments made in the judicial reorganization, and secure funds to sign players.

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