Rio de Janeiro's Justice published this Friday the call that opens the competitive process for the sale of Vasco's SAF control. The document was issued by the 4th Business Court of the Capital, where the club's judicial recovery is being processed, under the responsibility of Judge Victor Agustin Cunha Jaccoud Diz Torres. The dispute will be for the so-called UPI Equity, which represents 90% of the share capital and voting power of a new SAF, which will be formed from the club's current structure.
The publication of the call allows other interested parties to submit proposals in the process. The first bidder has already submitted a binding proposal, whose terms now serve as the minimum benchmark for the competition. This is Marcos Lamacchia, from Almirante Participações, who had previously made the proposal and now has his terms defined as the baseline for the bidding process.
The main commitment assumed by Lamacchia is an investment of R$ 500 million in football, divided into five annual installments of R$ 100 million. The money cannot be used to pay debts and must be destined exclusively for football, including the hiring and maintenance of players and sports infrastructure.
