Santos Futebol Clube announced a deal with SDC Sports LLC, an American investment group, for possible sale of the club. The proposal includes a R$ 1 billion investment and 80% control of shares. The deal was announced on Friday (27) and is a non-binding proposal, accepted by Marcelo Teixeira, president of the club. The proposal allows the company to access the club for a thorough analysis of its financial situation. The club will also verify the group's ability to make a significant investment. The proposal includes a R$ 1 billion investment, responsibility for the club's debt, estimated to be similar in value, and 80% control of shares. The due diligence must be completed within 60 to 90 days. A non-binding proposal does not obligate the purchase or sale. It is an initial expression of interest that can advance after analyzing the documents. During this period, the club cannot negotiate with other companies. After that, it will be necessary to alter the club's statute and comply with procedures in the Board of Directors and a shareholders' meeting. The proposal includes safeguards for the preservation of Santos' history, such as the impossibility of changing the name, official anthem, uniform colors, and headquarters. Santos Futebol Clube and SDC Sports LLC have, respectively, XP Investimentos and Rothschild & Co as their financial advisors for the possible transaction. SDC Sports LLC is a private investment fund with headquarters in the United States and capital from the Santo Domingo family, with Lauren Santo Domingo as one of its founders. The family controls Grupo Valorem, owner of TV Caracol in Colombia, has a stake in AB InBev and 10% of the Washington Commanders, an NFL team.