deliberation board Vasco He met tonight (7) to find out the details of the binding proposal to 777 Partners, a company that wants to buy 70% of the club’s SAF. The session was held in a mixed fashion and featured two of the North American holding’s key executives: director Juan Arsenegas, remote, and co-founder, Josh Wonder, in a recorded video. In the slides, the company promised the club to be “the group’s novel hero and pioneer [carro-chefe] in South America.”
Who represented 777 Partners in providing details of the agreement was Danilo Caixeiro, co-founder of Matix Advisors, a consulting firm that brokered the agreement between Vasco and the company. The CEO insisted on certifying the investment that would be made, and refuted theories that R$700 million would come from resources coming from the club itself:
“When we talk about investment, we are actually talking about a contribution. The R$700 million will be contributed over the next three years, and this is external money going into the SAF, leaving the 777 account and entering the Vasco account in the SAF.”
In his recorded and commentary statement, American Josh Wonder began by thanking him for the opportunity, said he was looking forward to the partnership and highlighted the club’s rich history.
“As you know, we look forward to partnering with you on this project. I would like to thank you for this opportunity to share our vision and the bright future for Vasco that we can build together. This club has incredibly passionate fans and a beautiful history. The club that fought racism and promoted equal rights in Brazil.” Everything about Vasco inspires us here at 777. We are proud and honored to be a part of this rich history,” he said.
Then, Wonder highlighted the investments already made by “777 Football Group”, as the company’s arm of football. He emphasized that all of their traditions would be respected:
“You may have heard about the football business that we are building in the 777. You know we have teams in Italy, France, Belgium and Spain, and we are likely to have many more in the future. In each case, our priority is to carefully respect the history, legacy and traditions that make each club special for its fans and the community. surrounding it.”
The co-founder of 777 Partners promised that with Vasco it would be no different and all the tools would be used for the club to be champions on the continent again.
“I’m here to promise you that it will be the same with Vasco. Our main goal is to preserve Vasco’s history and identity while ensuring that the club has all the tools and structure to be successful on and off the field. Many years. We want to bring Vasco back to where he belongs, one of the most important clubs in Brazil and America. south and around the world,” he said:
“We know how much you care about the club and its future, which is why we want to work together to build on what you and the others have created over the years. A few weeks and in the meantime, our team will go through the details of our vision. Thank you and see you soon in São Januario.”
After the presentations, some advisors asked for the floor and indicated questions that, in their assessment, remain unclear about the partnership. In general, there was a request to reveal more details about the deal.
Earlier, the Erg Committee filed a lawsuit demanding the full disclosure of the contract. The Chairman of Vasco’s deliberations board, Carlos Fonseca, informed that he had consulted the legal department of the club and that he had ensured that there was no legal impediment to the holding of the session.
777 presents three scenarios for the renewal of São Januaro
At one point in the show, 777 Partners showed interest in the potential renewal of São Januário, although this was not initially agreed upon in a contract with Vasco. In the binding proposal, the stadium would remain owned by the association, with the company paying rent.
On the slide, the holding company presented three possibilities for such reform:
1) The association performs a comprehensive renovation, continues with the property and 777 renegotiates the rent.
2) 777 pays the cost of the comprehensive renewal. If the association and the company reach an agreement, the property becomes the property of SAF and the association receives value in the improvements.
3) 777 pays for minor renewals and nothing is changed in the initial agreement.
However, all parties stressed that a possible reform of São Januaro would need to go through all the procedures and bureaucracy both legally and internally at the club.
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