Investors seal Fluminense SAF, promise results before profit | OneFootball

Fluminense is about to take a decisive step towards transforming into a Football Corporation (SAF). Investors have finalized the model and are expected to officially present a proposal in the coming days, paving the way for a new phase in the club's management.

This involves a fund led by 15 millionaire fans, organized by the management company Lazuli Capital and to be managed by the subsidiary LZ Sports. The proposal also includes the future possibility of selling smaller shares to other fans, potentially expanding the structure of shareholder-investors.

If the model is approved by the Deliberative Council and subsequently submitted to the members' vote, the fund will become the majority shareholder of the future SAF, with predominance in football management. The current club president, Mário Bittencourt, is expected to play a significant role in the new organizational structure, with the possibility of being appointed as the CEO of SAF.

Among the names already associated with the fund are prominent figures in the financial sector and connected to the Tricolor: André Esteves (BTG Pactual), Thiago De Luca (Frescatto), José Zitelmann (Absoluto Partners), and members of the Almeida Braga family (Icatu Seguros).

The proposal prioritizes sporting results before seeking financial returns. Investors commit to upfront contributions and over the coming years, planning the payroll, and also incorporating the youth academy, the Xerém training center, and women's football under SAF management. Additionally, SAF would be responsible for the club's debts, estimated at R$ 865 million by December 2024.

There has been no confirmation yet on the date of the members' vote. As the investors have stated that there is no rush, it is possible that the decision will be made after the presidential election, scheduled between the second half of November and early December.

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