Overview
- Interim chief Durcesio Mello called an online Extraordinary General Assembly to decide his role and to present a potential new investor.
- A court-ordered audit of the SAF, Botafogo’s separate soccer company, found only R$0.02 in cash per R$1.00 owed and recommended judicial reorganization.
- Distressed-asset firm GDA Luma submitted a formal offer to become the majority partner, which the club’s legal team will now review.
- Recent rulings removed John Textor from management and stripped Eagle/Ares of voting rights, giving the associativo the decisive say in assemblies.
- The audit warns that without new funds or court protection the SAF could miss payroll and vendor payments, which could disrupt training, player availability, and match preparation.