Marcos Lamacchia in Talks to Acquire Vasco’s SAF

Overview

• Negotiations have accelerated after court approval of Vasco’s recovery plan, with Marcos Lamacchia pursuing a deal to take over the football company.
• Vasco SAF’s equity is divided into 30% held by the club associativo, 31% held by 777/A‑CAP, and 39% tied up in arbitration.
• Any path to a majority stake requires agreements with A‑CAP and the club or a favorable resolution of the 39% under dispute.
• Vasco received an R$80 million DIP loan linked to Crefisa in October backed by 10% of SAF shares, and the funds are expected to be exhausted in January as the club weighs a new facility.
• Lamacchia, 47, is the founder of Blue Star with prior roles at Crefisa and Banco Alfa, and he is connected to the Lamacchia family that maintains close ties with Vasco’s leadership.