The sale process of Guarani’sSAF (Sociedade Anônima do Futebol) has faced another delay. The final vote on Roberto Graziano’s proposal has been pushed back to the end of September.
The future of Guarani remains a subject of intense debate behind the scenes. What was expected to be a quick decision during the first week of September has turned into a period of meticulous adjustments, pushing the final ruling on the club’s transformation into a SAF to the end of the month.
Despite the Deliberative Council’s favorable opinion obtained last week, it is understood that the draft requires further legal refinements. The delay aims to ensure the transition faces no legal loopholes, especially given the complex scenario involving the institution’s judicial reorganization.
Details of the impasse
The negotiations, led by businessman Roberto Graziano, are not facing resistance regarding the proposed values, but rather the wording of the contract. The pending issues include alignment with the SAF Law and specific guarantees regarding the management and ownership of the social club, which require a more thorough analysis by the members before a final agreement is reached.
As reported by the M360 Team, the current debate focuses strictly on the legal security of the parties involved.
The M360 Team highlighted:
The need for clarity in the contractual terms is fundamental to avoid future complications for both the investor and Bugre’s assets.
Billion-real financial proposal
Although the vote has been postponed, the overall figures of the deal remain unchanged. Roberto Graziano’s project puts a robust investment of R$ 1.075 billion on the table. Of this amount, R$ 350 million is reserved exclusively for settling the liabilities of the judicial reorganization, a key pillar for Guarani’s financial restructuring.
The remaining capital has strategic allocations: R$ 400 million for the club’s daily operations, R$ 300 million for the construction of a new arena, and R$ 25 million for the modernization of the training center. Under this corporate structure, Graziano’s group will hold 90% of the new entity, while Guarani will retain a 10% stake.
The board’s current focus is to resolve the remaining questions so that the proposal can be approved by the end of September without further obstacles. The realization of this investment is seen as the primary step to return the club to a higher level of competitiveness on the national stage.
M360 Team
