Overview
- On January 6, SAFiel sent a renewed proposal to president Osmar Stábile requesting a memorandum that authorizes investor solicitation without immediately approving a SAF.
- The proposal pledges to clear the R$33–35 million owed to Santos Laguna to end the transfer ban and to settle roughly R$550 million on the arena financing with Caixa, subject to audits and approvals.
- SAFiel targets raising between R$1.6 billion and R$2.5 billion to restructure debts and invest in the training center, a new youth complex, the squad and broader infrastructure.
- The plan centers on a fan-owned holding, Invasão Fiel, with tiered share classes for supporters, retail and professional investors, and a governance model with independent boards and market-hired executives.
- Any upfront funds would convert to equity if the SAF is approved or be repaid by the club if the project does not advance, following an initial pitch in October that paused after compliance queries.