Overview

• The 2nd Business Court annulled the July 17 meetings that changed the SAF’s board and council.
• John Textor remains the statutory head until a decision by the Fundação Getulio Vargas arbitral tribunal.
• The judge instructed JUCERJA to record the annulment, noting that SAF Botafogo and the associativo club concurred.
• Eagle Football Holdings, which owns 90% of the SAF, won partial relief after alleging invalid representation and conflicts in the July sessions.
• The voided approvals included a potential R$650 million capital increase and a €100 million loan, which Eagle claims could dilute its stake, while Textor maintains his authority under the SAF governance.