Negotiations with 777 create noise, and Vascon VP and a group of allies of Salgado demand greater transparency | Basque

With the completion and voting of Vasco’s advisors and members, negotiations between the club and the 777 Members are creating internal noise. A group of six current administration vice presidents sent a letter to President Jorge Salgado asking for greater participation and transparency in the process.

The document was signed by Fábio Nogueira (VP of Heritage), Marcel Kaskus (VP ​​of Olympic and Paralympic Sports and members of the Football Advisory Committee), Vítor Roma (VP of Marketing), Maurício Corrêa (VP of Public Relations). Horácio Júnior (VP of Social Responsibility and History), Rafael Cobo (Lp. Medicine), in addition to Councilor Luís Aragão. All allies of Jorge Salgado.

VP Group calls for greater participation in SAF do Vasco’s sales process – Photo: Thiago Ribeiro / AGIF

The document was first published by Uol. O ge had access and spoke to some of the names involved. All the leaders who have signed up are in favor of the SAF, but raise points that they believe need to be better discussed so that the Vasco association is not punished. They have highlighted the lack of transparency on some issues and believe that the boundaries between the club and the SAF need to be better defined.

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In a passage from the letter, the vice-president referred to a meeting with 777 Partners executives last week and complained that they were left out of important decisions in the negotiation.

– At last Friday’s meeting with KPMG in São Janeiro with the head of the project, it became clear that key negotiations had taken place over the months without LH being aware of or participating in them, which makes the club’s position fragile and dangerous in a process. so crucial to its history. We understand that the contracted company carries out its activities in competencies that are not its own, without the involvement of the areas involved and without knowing the issues it deals with, says the letter.

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The directors also mention that KPMG took over the leadership of the project, Ernest & Young, who provided consultations and was more within the club, which they felt was on the sidelines of the negotiation.

– It is surprising that the negotiations did not take into account the outcome of the consultancy we contracted with EY, with which the club spent almost R $ 200 thousand, with the aim of proposing restrictions on ideas.

In addition to Jorge Salgado, the negotiations with the 777 Partners were led by Carlos Osório and Roberto Duque Estrada, Deputy Generals, Zeca Bulhões, Minister of Law, and Adriano Mendes, Minister of Finance.

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Look at the letter in its entirety

Authors: Vítor Roma, Horácio Júnior, Fábio Nogueira, Marcel Kaskus, Maurício Corrêa, Rafael Cobo and Luís Aragão

To: President Jorge Salgado

Reflections on the moment Basque

The approval of the SAF is one of the most important moves in the history of the club, and it will be remembered forever, both for its good and its bad. It is up to us, the club officials, to take the necessary care to ensure that the club with the most important history in the history of Brazilian football can write another glorious part of its history.

777 Since the beginning of the negotiations with the partners, we have been aware of the need for greater involvement of the Vice-Presidents, especially in the negotiations that cover their areas.

At a meeting with the head of the KPMG project in São Janeiro last Friday, it became clear that key negotiations had been going on for months without LH being aware of or participating in them, which makes the club’s position fragile and dangerous in a process. essential to its history. We understand that the contracted company carries out its activities in competencies that are not its own, without the involvement of the areas involved and without knowing the issues it deals with.

The commitment to get VPs in place at the right time has never been fulfilled, which puts them at risk of negotiating what needs to be done effectively, leading to bad deals and being questioned by members in the General Assembly.

These partners, by the way, find no guarantee of the rights they have acquired in the current phase of negotiations. And they are not only important in the approval of SAF in the AGE: they are also the main source of income for the social club since the approval of the agreement with 777. Failure to do so will result in failure. Basquewith its history and its future, given the real risk of insolvency, if the members of the statute left the club.

We reiterate that 120 years of history cannot be hampered by mistakes in negotiations. And the success of negotiations is not the result of chance, but the result of hard work and enthusiasm. Therefore, it is surprising that the negotiations did not take into account the outcome of the consultancy we hired from EY, in which the club spent almost BRL 200,000 with the aim of proposing restrictions on ideas. KPMG has been working on the issue for months, the advice makes no sense. On this issue, this VET team makes it extremely difficult to obtain basic information for the carve-out process that is currently underway; such as payroll, income, projected costs, investments, among others. If the club’s vice-president is not involved in matters that are so sensitive to their areas, the club loses strength in its ability to close a good deal.

In view of the above, we demand that the process, which is so crucial for the Club, be transparent and that it be directly and effectively involved in the negotiation and validation of the following issues:

– Trademark licenses
Basque Academy
– Income rights of statutory members and members of the association
– Historical heritage and exploration of the participating programs (tour, experience space)
– School
Basque of the district
– Use of the club’s shared areas (sports other than football, physical facilities)
– Shared use of central areas (marketing, public relations, finance, legal, secretarial)
– Contract with the sports equipment supplier

It is important to make it clear that we are all fans of SAF and that we are, without exception, active in the operational and political support of its acceptance process. This enthusiasm is realized in order to ensure the success of the negotiations, with a positive impact on the future of the club.

Concerned about the outcome of the process, we saw that a very limited group of negotiations, under the justification of the risk of leaking sensitive information, led to a poor, dangerous and unproductive discussion.

There is still time to direct the course. But it’s time.

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