777 Partners seeks full access to Vasco UPI Equity documentation

777 Partners, which holds a 70% stake in Vasco SAF, has filed a petition within Vasco's judicial recovery process requesting full access to documentation regarding the creation and subsequent sale of UPI Equity.

The company expressed concerns that transferring sporting assets to a new SAF could result in an “esvaziamento patrimonial” (asset depletion) of the current company, potentially devaluing its existing stake. 777 seeks to review several key documents, including the investment agreement, competition notices, valuations, guarantees, financial projections, and business condition matrices.

While the petition does not currently request the cancellation or suspension of the sale, 777 has requested that its five-day deadline to respond only begins once all requested documentation has been provided in full. The company also noted it may seek to defend its rights through an arbitral tribunal.