Overview
- The club’s Comissão do Estatuto postponed the members’ assembly that had been set for Sunday, November 8, a decision announced on Wednesday that keeps the existing statute in force for now.
- The change on the table would have raised private participation in a future SAF from 49% to 80%, a shift linked to a reported non‑binding R$2 billion proposal from U.S. group SDC/Santo Domingo.
- A separate court action by pre-candidate Ivan Luduvice seeking an urgent suspension was denied by Judge Sheyla Romano dos Santos Moura, but that ruling became operationally moot once the club itself delayed the vote.
- Santos says statutory review steps require at least several weeks to months after approval, so even if members later approve the reform a binding sale could not be completed in 2026 and is now likely to occur in 2027.
- The postponement preserves the current slate registration deadline of November 22 and the December 14 presidential election, keeping the race between incumbent Marcelo Teixeira and multiple challengers under the present rules.