Fluminense took a new step to become SAF. On the night of Monday (8), the club presented to the deliberative and tax councils an official purchase proposal made by an investor group of LZ Sports, a company formed by prominent entrepreneurs in the national scenario.
In all, the proposal foresees a mandatory contribution of R $ 500 million for the acquisition of 65% of SAF control. This value would be intended for the structuring of the football department, with immediate impact on the club’s finance and sports management. The idea is for investors to have active participation in the project.
Instead of having a single majority buyer, as happened with John Texor or Ronaldo, the club would opt for a shared ownership model, where quotas would be divided between high investment power fans.
SAF would include not only the men’s main team, but also women’s football, base categories and futsal.
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Details of the Fluminense SAF proposal
Fluminense was valued at R $ 1.131 billion, considering two main components: R $ 260 million in club shares and R $ 871 million in net debt. The investor proposal provides for an initial contribution of R $ 500 million, which would raise the total amount of the company to R $ 1.631 billion.
This amount represents the investment guaranteed by the partners of LZ Sports, which would be used for both partial debt discharge and the acquisition of 65% of SAF.
In addition, among the promises made in the SAF model is the guarantee of a competitive salary sheet, between the three or four largest of Brazilian football. Currently, Fluminense Folha is R $ 19.1 million, but it is expected to reach R $ 27 million by 2028.
Investors also pledged with a total investment of R $ 6.4 billion over ten years, representing an average of R $ 640 million per year, adjusted by correction.
Most of these resources will be intended for the maintenance of the payroll, but there will also be direct investment in hiring, grassroots categories and payment of royalties to the club’s civil association.
According to information from UOL Esporte, if Fluminense’s cashier does not generate enough revenue to comply with these commitments, investors guarantee coverage of the remaining value.
What are the next steps of Fluminense SAF?
Now, Fluminense enters a new phase of the process. The club will create a specific committee to study the details of the proposal, including financial clauses, legal guarantees and governance model. This group will be responsible for presenting the analysis that will guide the decision of the Deliberative Council.
After that, a board meeting will be called, where authorization will be voted on to advance with the negotiation. If the proposal is approved internally, the next step will be a general assembly with club members.
This vote should only happen after the club elections, scheduled for early November.
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