Santos Futebol Clube
Santos Futebol Clube has taken a major step in transforming into a Sociedade Anônima do Futebol (SAF) by signing an exclusive negotiation agreement with the investment platform SDC Sports LLC. The next stage involves the exchange of information between the parties.
What happened?
The exclusive negotiation was signed without the participation of Neymar Sr., who collaborated with the club since Neymar's return. The agreement between the club and the American company prohibits the Santos management from negotiating with other interested parties.
Why is this important for Santos Futebol Clube?
The transformation into a SAF can bring financial benefits to the club, which has a debt estimated at over R$ 1 billion. The company would make a payment for the purchase and assume the payment of the club's debt.
What comes next?
The next stage involves the exchange of information between the parties, which can last 90 days and be extended by 30. In parallel, Santos expects to discuss the statutory reform to allow the transformation into a SAF.
| Stage | Duration |
|---|---|
| Information exchange | 90 days |
| Extension | 30 days |
Santos president Marcelo Teixeira is enthusiastic about the sale and guarantees that he will not have a role in the management of the SAF, if the deal is completed. The proposal will be presented to the Deliberative Council and, if approved, will be submitted to the members for consideration at a general meeting.
