Papo na Colina
·07 de abril de 2026
Expert explains impact of A-Cap release on Vasco SAF sale

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Yahoo sportsPapo na Colina
·07 de abril de 2026

The sale of Vasco SAF got a major boost this week. Lawyer and professor José Humberto, a specialist in the sector and the person behind the Corporate Law channel, analyzed the recent court-ordered release of insurer A-Cap's assets in the United States. In a video, the legal expert detailed how the decision positively changes the outlook for the Rio club and for the likely buyer, businessman Marcos Lamacchia.
The controversy stems from a lawsuit filed by asset manager Leadenhall, which is seeking more than $600 million over unpaid loans by companies linked to 777 Partners. Initially, the American courts had preventively frozen A-Cap’s assets, which also froze the Cruz-Maltino club’s shares. However, that harsh injunction was overturned. The professor explained the international court’s reasoning for lifting the freeze.
“In practice, the U.S. courts understood that Leadenhall may collect the debt, but it does not have rights over the assets at this time,” José Humberto explained.
With the suspension of the measure, A-Cap, which holds around 31% of the shares in Vasco’s football department, regained its financial autonomy. According to the expert, “the company is free to negotiate again, and that changes the entire scenario“.

Marcos Lamacchia and Pedrinho – Photos: Reproduction
Under the current structure of the talks, there is speculation that the club’s association board could reach a direct agreement in arbitration to buy back A-Cap’s stake for between $60 million and $90 million, later transferring the full 90% to the interested new investor. With the foreign ruling, that bureaucratic path becomes much safer and clearer.
“It is one less pending issue and one more barrier knocked down for the sale of Vasco SAF,” the lawyer said emphatically.
Without the need to constantly seek court authorization to move the shares, the complexity decreases and the completion of the deal enters its most decisive phase. The institution now has the legal certainty and freedom it needs to move forward with rebuilding its sporting and corporate model.
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This article was translated into English by Artificial Intelligence. You can read the original version in 🇧🇷 here.









































