Fluminense Considers $1 Billion SAF Offer

Fluminense has received an official proposal from Lazuli Partners and LZ Sports to become a Sociedade Anônima do Futebol (SAF), according to O Globo. Club president Mário Bittencourt confirmed that this offer will be presented to the board and members for their consideration.

“We got the proposal today and will present it for analysis. It is important to respect the members and fans of Fluminense. We are at a critical juncture, and our goal is to ensure the tricolores have a say in the future of the club,” Bittencourt said.

The plan includes around 6 billion reais in investments over the coming years, focusing on new player signings and upgrading the Xerém training facility. André Esteves, owner of BTG bank, is one of the fund’s supporters.

Carlos de Barros, a key figure in the initiative, expressed pride in the group assembled to provide significant financial backing. He mentioned their aim to elevate Fluminense’s competitiveness and ensure it ranks among Brazil’s top three teams while respecting the club’s traditions.

If approved by the club’s members, the agreement would allow the company to select both the CEO and CFO of the new SAF. Voting on the proposal is expected to take place between December and January.