Court clears way for Vasco SAF sale, expert: "They’re free now" | OneFootball

The legal battle behind the scenes at Vasco resulted in a fundamental victory for the club's long-term financial survival. Vasco managed to overturn the dangerous judicial seizure of 10,000 shares of its Sociedade Anônima do Futebol (SAF), removing a bureaucratic obstacle that directly threatened the sale of the institution to new investor groups.

Professor and specialist in Business Law, José Humberto, detailed the process thoroughly on his official YouTube channel, explaining how the Judicial Recovery saved the billion-dollar operation of the Rio team. The jurist explained the immediate impact of the favorable court decision:

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Million-dollar claim and judicial blockage

The real threat to the cross-maltese football's share control arose after a strong claim for fees from a law firm that provided services to the Rio team in the past. The accumulated debt amounts to around R$ 3.5 million and resulted in the immediate blocking of thousands of shares that make up the SAF's shareholder structure.

The specialist highlighted the enormous risk this drastic measure represented for the progress of negotiations in the demanding football market, as the potential investor would require the shares to be completely unencumbered to proceed. The lawyer assessed the previous bureaucratic scenario:

Felipe Carregal leads Vasco's legal department – Photo: Dikran Sahagian

Court intervention and recovery

The salvation of Vasco's assets occurred through the heavy protection provided by the Judicial Recovery Law in force in the country. Since the debt with the lawyers was incurred before the official request for creditor protection, the debt was automatically included in the global package of the financial restructuring process.

The Rio de Janeiro Court of Justice confirmed the legal maneuver and transferred the case's jurisdiction to the main court. The professor detailed the final ruling on the retained shares:

Next steps and financial challenges for Vasco

With the valuable shares fully released for negotiation, the football management resumes talks with potential buyers with much more institutional ease. The creditor will necessarily have to register the million-dollar credit in the Judicial Recovery queue to receive the amounts owed in the format established by the court.

Despite the excellent news for fans, the completion of the sale still heavily depends on overcoming other significant obstacles, such as resolving Vasco's corporate dispute against the company 777 Partners and the strict financial fair play required to validate the new control.

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