O Corinthians compliance department produced a report on the SAFiel and pointed out points that need clarification before any possible partnership.
According to the document, the internal analysis classified three main aspects as “pending explanation”:
- the recent founding of SAFiel;
- share capital of just R$3,000;
- the participation of Maurício Chamati as one of the partners.
SAFiel – officially registered as Invasão Fiel S/A – was created in July 18th this yearwhich raised doubts about his experience in the market. The low initial capital also drew attention, generating uncertainty about the ability to capture R$2 billion promised in the project.
The information was initially published by the UOL website.
The report also mentions that Mauricio Chamatipartner at SAFiel, joined the Independent Finance Committee during the administration of the former president Augusto Meloin 2024. In this group, he would have had access to the club’s confidential data, which raised suspicions of possible use of this information in preparing SAFiel’s proposal.
In a statement, the current Corinthians board stated that it is the club’s standard procedure to carry out checks on all potential partners.
What is SAFiel
SAFiel proposes to transform the Corinthians in a Football Limited Society (SAF)with professional management and a business structure independent of the social club.
The plan foresees that the Invasão Fiel S/A be a holding responsible for the entire football department – men’s, women’s and grassroots. This new company would have shares tradable on the market, divided into two categories:
- Actions for fan-investorsnecessarily partners or members of the program Faithful Supporterwith the right to vote;
- Stocks for institutional investorswithout the right to vote.
Each shareholder would have a limit of 1.8% of voting powereven if it had a larger stake, avoiding concentration of power.
The project estimates raising between R$1.6 billion and R$2.5 billionan amount that would be allocated to debt restructuring (including the Neo Química Arena), has modernization of training centershas infrastructure improvementin addition to investments in list, governance e compliance.
Corinthians currently has debt estimated at R$2.7 billion. With the creation of SAF, the social club would be free from these debts, it would start receiving monthly royalties and could focus on their sports and social activities.
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