Santos Futebol Clube announced on Friday (27) an agreement with SDC Sports LLC, a North American long-term investment group, for a possible sale of the club. The non-binding exclusivity proposal, accepted by Marcelo Teixeira, president of the alvinegra team, gives the company access to the club for an in-depth analysis of its financial situation.

What happened?

Santos Futebol Clube and SDC Sports LLC have entered into an agreement that grants exclusivity for the start of conversations about a possible investment by SDC Sports LLC in a Football Anonymous Society (SAF), which may be constituted by the Club.

Why is this important for Santos Futebol Clube?

The proposal provides for an investment of R$ 1 billion, responsibility for the club's debt — estimated at a similar value — and control of 80% of the shares. The due diligence is expected to be completed within 60 to 90 days.

What comes next?

A non-binding proposal does not obligate the purchase or sale. This is an initial expression of interest, which can move forward after analyzing the documents. During this period, the club cannot negotiate with other companies.

StatValue
InvestmentR$ 1 billion
DebtR$ 1 billion
Control80% of shares