The Judicial Administration (AJ), the Watchdog and the Gatekeeper of Vasco have expressed favorably to contracting a new DIP loan of up to R$ 150 million and to the continuation of the auction for the sale of 90% of the new SAF. The joint opinion of the parties was presented this Friday in the club's judicial recovery process.
The understanding of the Court's assistants will now be submitted to the analysis of the Public Ministry and the Court. The 4th Business Court had established September 2nd as the deadline for the statements, but extended the determination after Vasco informed an agreement with 777 Carioca LLC, which held 31% of the SAF shares.
According to the evaluation of the AJ, the Watchdog and the Gatekeeper, there is a concrete need to restore the club's liquidity. The new loan and the SAF sale are considered important steps for Vasco's future in the short and long term.




