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UK Supreme Court blocks sale of Botafogo SAF shares
The UK Supreme Court has issued an injunction preventing Eagle Bidco, managed by Cork Gully LLP, from selling, transferring, or altering control of Botafogo SAF shares. The ruling is intended to protect the club's assets while legal proceedings continue in Brazil.
Eagle Bidco currently holds 49% of the Botafogo SAF shares, with the remaining 51% held by the club's social association. For John Textor, the decision provides legal security and complicates a potential sale of the SAF to the GDA Luma group, which seeks to acquire 90% of the football operations.
While Textor views the injunction as a step toward reorganizing management and restoring stability, the Botafogo social club maintains that the measure reflects its own legal requests in Brazil to prevent the sale of shares to third parties.
Entities
Botafogo · Cork Gully LLP · Eagle Bidco · GDA Luma · John Textor
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 3 SOURCES] The Botafogo social club claims the injunction follows a request made by the club in Brazilian courts to prevent Cork Gully from selling shares to third parties. www.brasilemfolhas.com.br · esportenaredemt.com.br
- [● 2 SOURCES] Eagle Bidco holds 49% of the Botafogo SAF shares, while the social club holds the remaining 51%. esportenaredemt.com.br
- [● 3 SOURCES] The injunction complicates the potential sale of the SAF to the GDA Luma group, which is interested in purchasing 90% of the club. www.brasilemfolhas.com.br · esportenaredemt.com.br
- [● 3 SOURCES] Cork Gully LLP is the judicial administrator for Eagle Bidco. www.brasilemfolhas.com.br · esportenaredemt.com.br
- [● 3 SOURCES] John Textor stated the decision provides legal security while legal proceedings continue in Brazil. www.brasilemfolhas.com.br · esportenaredemt.com.br
- [○ 1 SOURCE] The injunction aims to protect assets and prevent any measures that could reduce the value of the club's shares or assets. www.brasilemfolhas.com.br
- [● 3 SOURCES] The UK Supreme Court granted an injunction preventing Eagle Bidco from selling, transferring, or altering control of Botafogo SAF shares. www.brasilemfolhas.com.br · esportenaredemt.com.br