Overview
- The Vasco SAF shares held by 777 Partners, seized Thursday by Judge Maria Aparecida da Costa Bastos at Matix Capital’s request, cannot be sold or pledged without court approval.
- The freeze blocks moves tied to a possible change of control at Vasco and complicates talks reported to involve businessman Marcos Lamacchia, as president Pedrinho explores a sale of up to 90% of the football company.
- Botafogo’s SAF, which secured approval early Friday from Judge Marcelo Mondego de Carvalho Lima, now enters court‑supervised restructuring with about R$1.28 billion under the process and roughly R$2.5 billion in total debt, plus a 60‑day deadline to file a recovery plan.
- The approved case triggers a pause on creditor collections and, the club argues, meets FIFA’s requirement that only a formal filing could allow suspension of active transfer bans tied to recent signings.
- In court filings and a public note, Botafogo’s SAF accused Eagle Football and John Textor of draining resources, saying more than R$900 million failed to return to the club, and it confirmed Eduardo Iglesias as CEO to steady day‑to‑day operations.