Montenegro Wins Fluminense Presidency in Landslide With SAF Plan Set for Renewed Push

Overview

• Mattheus Montenegro defeated Ademar Arrais with 71.1% of the vote in an election that drew a club-record 4,719 participating members.
• The result hands the incumbent group all 150 seats on the Conselho Deliberativo plus 50 alternates, consolidating control over upcoming decisions.
• Montenegro plans to resume the suspended SAF proposal led by BTG, which outlines an initial R$500 million commitment (R$250 million upfront) and investor projections of R$6.4 billion in minimum football spending over ten years, subject to Deliberative Council and General Assembly approval.
• If the SAF is approved, investors view current president Mário Bittencourt as a potential CEO; he will join Montenegro’s administration in an as-yet undefined role in the interim.
• The new leadership also targets Maracanã naming rights, with talks estimating about R$55 million per year, continued work on the stadium concession with Flamengo, and a Laranjeiras revitalization budgeted at more than R$200 million.