O Botafogo called for next Thursday (14) the Extraordinary General Assembly (AGE) required by the Court in the judicial imbroglio involving the dispute over control of the SAF alvinegra.
The meeting will be exclusively to deliberate on . The associative club, the only shareholder with political powers at the moment, is the one who will vote on the case.
Durcesio Mello was appointed as interim director of the SAF following the departure of John Textor. Eagle Bidco, a subsidiary of Eagle Holding and majority shareholder of SAF, had its powers suspended by the courts.
Audit highlights uncertainty about SAF’s continuity
BDO, a consultancy contracted to carry out the audit of the financial statement of the Botafogopointed out that there is uncertainty about the operational continuity of the black and white SAF. The reasons are diverse, and the company refrained from giving an opinion on the financial statement.
According to BDO, “we were unable to obtain sufficient appropriate audit evidence to support our audit opinion on these financial statements.”
The relationship with Lyon is also highlighted by BDO as a point of uncertainty. The club counts on receiving more than 100 million euros from player transfers. Read below.
“SAF “maintains relevant transactions with related parties, notably Olympique Lyonnais Sasu (controlled by Eagle Football Group) and Eagle Football Holdings Bidco Limited arising mainly from transactions involving the transfer of economic rights of athletes, intra-group loans and other financial operations carried out within the scope of the multi-club model, however, Management did not present calculations, assumptions or quantitative estimates that would support the assessment of the recoverability of these financial assets. In view of relevant default, uncertainty regarding actual receipt, and the existence of legal litigation, there is objective evidence of a significant increase in credit risk, requiring the recognition of a provision for expected losses. As a result of this matter, it was not possible for us to determine whether additional adjustments would be necessary in the balances of related parties, in the result for the year and in the Company’s shareholders’ equity as of December 31, 2025.”
