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[SPORTS] · Brazil · 2 sources

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Vasco da Gama summons council to vote on Lamacchia's SAF proposal

Vasco da Gama has summoned its Deliberative Council to an extraordinary session on October 6 to vote on a proposal from Marcos Lamacchia to acquire the club's Football Corporation (SAF). Lamacchia's company, Almirante Participações S/A, was the sole bidder in the auction and intends to purchase 90% of the SAF's rights.

The total proposal is valued at approximately R$ 3 billion, which includes a commitment to invest R$ 500 million into the football department.

A key component of the meeting will be discussing necessary changes to the club's Social Statute. Current regulations require the CRVG (the club's associative body) to maintain a minimum 20% stake, but the proposal necessitates adjusting this limit to 10% to accommodate the 90% acquisition.

Before the vote, the Council of Meritorious members will issue an opinion, and the Fiscal Council will review the documentation for any irregularities. If approved by the councils, the matter will proceed to a General Assembly.

Entities

Almirante Participações S/A · Marcos Lamacchia · Vasco da Gama