In a letter, representatives asked for greater participation in 777 conversations.

Jorge Salgado, president of Vasco, was asked in a letter signed by the six vice presidents about the process of club meetings with 777 Partners, a company that has agreed to buy 70% of the shares in the future SAF. In the document, they admitted they were in favor of the movement, but shed light on some aspects of the negotiations.

The register, where the UOL Esporte have access, written by Vítor Roma (Vice President of Marketing and New Business), Horácio Júnior (Vice President of Social Responsibility and History), Fábio Nogueira (Vice President of Heritage), Marcel Kaskus (Vice President of Sports and Paralympics), Maurício Corrêa (Public Relations Vice President), Rafael Cobo (Medical Vice President), and Luís Aragão (Director of Integrity area).

In the letter, the leaders pointed out that since the start of the 777 negotiations there have been warnings “about the need for more involvement of vice presidents, especially in negotiations involving their areas”.

In addition, they say that “at the meeting with the project leader of KPMG, held on Friday in São Januário, it became clear that important negotiations took place during the months without the VPs knowing. or joined them, making The club’s weak.and risky position in a process so important in its history.We understand that the contracted company is improving its performance of skills that it does not own, without having to. join the areas involved and have no knowledge of the topics they are discussing ”.

They show that “members, on the other hand, do not see, at the current stage of negotiations, guarantees about their acquired rights. And they are not only important in the SAF’s approval of AGE: they are also the ones who first source. of income for the social club from the approval of the 777 agreement “.

Deputies stressed that, given the current scenario, they demanded that “the process, which is decisive for the club, be transparent and have direct and effective participation in negotiations and validation” of the eight points listed (see below).

Before finalizing the document, the senders stressed that it was “fundamental to make it clear that we are all SAF enthusiasts”, but pointed out that, “concerned with the outcome of the process, we are aware that conducting negotiations through in a strictly prohibited group, under the pretext of the risk of leaking sensitive information, led to a poor, dangerous and unproductive debate. “

See the letter in full:

Reflections on Vasco’s time

SAF approval is one of the most important steps in the club’s history, and it will be remembered forever, for its benefits and drawbacks. It is up to us, the club managers, to take care so that the club with the most important history of all Brazilian football can write another glorious chapter in its path.

Since the start of the 777 Partners negotiations, we have warned about the need for greater involvement of Vice Presidents, especially in negotiations involving their constituencies.

At the meeting with the project leader of KPMG, held on Friday in São Januário, it became clear that the key negotiations took place for months without the VPs knowing or participating in it, making the position of the club being weak and at risk of a process so important in its history. We understand that the contracted company is developing its activities in competitions that are not its own, with no participation in the areas involved and no knowledge of the topics they are discussing.

Promises to include VPs at an appropriate time never materialized, which would be dangerous for negotiations, which had to be done efficiently, otherwise it could result in bad agreements and could to be asked by the members of the General Assembly.

These partners, on the other hand, do not see, at the present stage of negotiations, guarantees about their acquired rights. And they were not only important in the SAF’s approval of AGE: they were also the main source of revenue for the social club after agreeing to the deal with 777. The failure of them meant the failure of Vasco, in his history and its future. , Given the real risk of insolvency, if statutory members leave the club.

We reiterate that the 120 -year history is not marred by mistakes in the conduct of negotiations. And the success of negotiations is not a result of time, but of work and diligence. Therefore, it is surprising that the negotiations did not take into account the result of the consultancy we hired from EY, where the club spent almost BRL 200,000, with the intention of proposing carving ideas. If KPMG has been working on the topic for months, consultancy is meaningless. On this topic, this group of VPs have difficulty accessing basic information for the carving process that is currently underway; such as payroll, income, estimated costs, investments, and so on. If the club’s vice presidents are not involved in issues that are very sensitive in their areas, the club will lose momentum in its ability to close a good deal.

Looking at the above, we require that the process, which is very decisive for the club, be transparent and have direct and effective participation in the negotiation and validation of the following issues:

– Brand licensing

– Vasco Academy

– Acquired rights of statutory partners and income of the association

– Historical heritage and exploration of the programs involved (tour, experience space)

– Vasco da Gama College

– Use of shared club areas (games other than football, physical facilities)

– Shared use of intermediate areas (marketing, public relations, finance, legal, secretariat)

– Contract with sports equipment supplier

It is important to make it clear that we are all SAF enthusiasts and, without exception, active in operations and political support for its approval process. Such enthusiasm occurs with the aim of guaranteeing the success of negotiations, which will have a positive impact for the future of the club.

Concerned with the outcome of the process, we found that conducting negotiations with a prohibited group, under the pretext of the risk of leaking sensitive information, led to a poor, risky and unproductive debate.

There is still time for course correction. But now is the time

Leave a Comment