Basque: SAF auction takes place this Friday; find out what is in dispute and how the sale process will proceed

== sync, corrected by elderman == @elder_man

起因: 为什么这次拍卖会举行

Fans of Rio de Janeiro football already know: Vasco is going through a judicial recovery process and the sale of its Sociedade Anônima do Futebol (SAF) has entered the final stretch. By law, even with only one company eligible for the dispute, the club is obliged to take SAF's shares to auction. This announcement takes place at 14h this Friday in Zona Oeste of Rio, in a closed hearing presided over by Justice, with the presence of Vasco and other interested parties.

The only eligible purchaser is The Commission considers that the measure constitutes State aid within the meaning of Article 107 (1) TFEU., of I'm not going to do that.She 's listed in the notice as stalking horse bidder unusual but common term in auctions of companies under judicial recovery: whoever bids first sets the minimum price for SAF and has a preference to match any higher bid that appears.

经过后: 投入真金白银和司法阻碍

The Admiral didn't arrive at the auction empty-handed. R$ 27 mFresh or chilled in guarantees required by the Order an amount equivalent to two years' payment of the Judicial Recovery, important protection because some of RJ's claims would expire during that period.

At the beginning of the month, the Court also approved a loan for R$ 150 mFresh or chilled Of this total, the Basque Country has used R$ 65 mFresh or chilled to pay casting fees and collect royalties from RJ; or, in the case of R$ 85 mFresh or chilled the remainder shall be at the disposal of the club, with no set release date.

But there were obstacles along the way. July, Matix Capital consultant of the deal between Vasco and 777 in 2022 pledged shares and obtained a ruling that prevented the resale of the club without prior authorization; the decision was later overturned. R$ 740 mthe A day later, he dropped the lawsuit.

For the Admiral, these cases are 777's problems. The company closely monitors the procedural field and climate helps: Vasco, social club and 777 have reached an agreement to end the legal fight, and the foreign company has asked for withdrawal of an appeal from the agenda of the Court of Justice in Rio de Janeiro.

Latest progress: 拍卖之后还缺什么

It's worth bearing in mind: the auction being completed does not mean that Lamacchia takes over immediately.

1. Approval by the Consultative Council of the Basque Country; and, in addition, to the Spanish Republic, the European Union.
2. Approval by the Extraordinary General Assembly members of the partnership; and, in addition to the following: a) Members.
3. Green signal from ANRESF (National Agency for Regulation and Sustainability of Football), which investigates a possible conflict of interest Lamacchia is the stepson of Leila Pereira, president of Palmeiras.

There's no internal deadline set for these steps, but the expectation is a quick response from the fair play agency.

The current phase of the project is to be completed by: ... . . . .. . . Basco is one hearing away from having its SAF sold, but the change of command still depends on advisors, partners and regulatory endorsement.