Vasco’s demands in Lamacchia deal: what’s needed to seal it

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Papo na Colina

·11 de março de 2026

Vasco’s demands in Lamacchia deal: what’s needed to seal it

The management of Vasco and the representatives of businessman Marcos Lamacchia have made progress in negotiations for the sale of SAF this Wednesday (11). According to information published by the channel Colina 1927, the parties are already exchanging drafts for the negotiation of 90% control of the football department. The agreement aims to ensure the payment of the judicial recovery and establish heavy investments for the team.

Despite the optimism about a conclusion in a few weeks, the process requires caution. The deal needs to be approved by the club's boards and find a definitive solution for the shareholding currently controlled by A-CAP, the company that took over the assets of 777 Partners. Additionally, president Pedrinho and the political group G8 are internally debating the real need for the sale at this moment, considering that the ongoing restructuring already allows for independent financial breathing room.

Vídeos OneFootball

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The three fundamental pillars for the sale of Vasco SAF

The club has established three basic pillars to finalize the sale. The first requires the buyer to assume all of Vasco's debt, which reaches at least R$ 1 billion. This billion-dollar amount includes the liabilities of the judicial recovery and the tax debts actively discussed with the National Treasury Attorney General's Office (PGFN). The second pillar focuses on competitiveness on the field, demanding significant investments in reinforcements and stipulating financial penalties in case of poor sports performance.

The third pillar of the negotiation directly involves the institution's infrastructure. The management demands heavy investments to equip the training center, serving both the professional team and the youth categories with top-notch facilities. The parties are also debating the reuse of money from player sales, aiming to create an exclusive fund for the continuous hiring of new athletes.

Pedrinho is the president of Club de Regatas Vasco da Gama – Photo: Marcelo Wance/Vasco

The challenge of financial fair play

The contractual progress is hindered by the rules of the National Agency for Football Regulation and Sustainability (ANRESF), an entity created by the CBF to oversee financial fair play in Brazil. Article 86 prohibits investors from having significant influence over more than one team. Since the buyer is the son of Leila Pereira, president of Palmeiras, the agency's president, Caio Resende, told the portal ge that the case will undergo a rigorous analysis:

“What we see abroad is that the analysis of this type of case can become very complicated. It is an analysis of the corporate structure of each club, of which people or groups actually have decision-making power within each club.”

To avoid an official veto from the entity, lawyer André Sica is studying the implementation of a "blind trust," a mechanism that transfers the assets to an independent administrator and suspends the businessman's voting rights. The founder of Blue Star and former director of Crefisa is closely following the process, while the legal department tries to recover the 39% of shares that are stuck in arbitration. The current corporate structure shows that the association holds 30%, and the foreign manager owns 31%.