Vasco: São Januário redevelopment deal progresses, not final yet | OneFootball

Vasco da Gama received, this Monday (29), an important update regarding the renovation process of São Januário. City councilman Pedro Duarte (Novo), a member of the advisory council for the operation, informed that the Rio de Janeiro City Hall has completed and published in the Official Gazette the transfer agreement for the stadium's construction potential—a step considered fundamental for the club to finalize the sale of this right and thus obtain the necessary funds for the project.

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What São Januário would look like after the planned renovation — Photo: Publicity

According to Duarte, the completion of the document was expedited thanks to the efforts of secretaries Guilherme Schleder (Sports) and Gustavo Guerrante (Urbanism).

– The definitive agreement for the construction potential has already been made and even published in the Official Gazette. I want to thank the secretaries, because we started pushing for this two weeks ago and they delivered ahead of schedule — stated the councilman.

The statement, however, was met with caution by Vasco itself. In an official statement released later, the club clarified that the definitive issuance of the agreement has not yet occurred:

The club’s vice president responsible for the renovation, Renato Brito Neto, reinforced this position:

– It’s a big step, but it’s not definitive yet. I am in contact with City Hall sending additional documents. The anticipation is great, but as soon as it is concluded, Vasco will officially inform everyone.

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What São Januário would look like after the planned renovation — Photo: Publicity

What is construction potential?

Approved by the legislature last year, the operation allows Vasco to sell the “right to build” corresponding to the land at São Januário to be used in other areas of the city, such as Barra da Tijuca. SOD Capital has a preliminary agreement to acquire a large part of this potential and exclusivity in negotiations until December.

The club expects to raise around R$ 500 million with the operation—a value close to the estimated budget for the stadium’s renovation, which should increase its capacity to 40,000 to 45,000 spectators. By law, all funds obtained must be allocated exclusively to the construction and operation of the new arena.

While the definitive formalization has not yet been published, fans remain hopeful. The board assures that any concrete progress will be announced through the club’s official channels.

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