Vasco da Gama advances SAF sale and loan approval amid legal challenges

Vasco da Gama is advancing through significant financial and structural transitions. Judicial auxiliaries have approved a new DIP loan of up to R$ 150 million and the sale of 90% of the club's new SAF. The proposed loan from Almirante Participações, led by Marcos Lamacchia, was deemed the most cost-effective option to restore liquidity. This follows a consensual agreement with 777 Partners, which has withdrawn its opposition to the sale of the new SAF.

However, the process faces legal challenges. A group of eight creditors, including seven former players and a former physical trainer, has petitioned the court to suspend the SAF sale. They argue that the current deal violates the judicial recovery plan by earmarking funds for the football department rather than debt repayment. They are seeking a 30-day suspension to allow for a creditors' assembly.

On the pitch, the club is finalizing the signing of Argentine midfielder Alan Lescano from Argentinos Juniors. The deal is estimated to be worth up to US$ 9 million, including performance bonuses. Lescano has arrived in Rio de Janeiro to undergo medical examinations.