Atlético-MG and the sale of SAF: ongoing negotiations and potential buyers
The membership has greater than ten traders in dialog. Potential companions don’t conduct preliminary negotiations, however collect info behind the scenes
Atlético-MG is negotiating, by BTG Pactual, with at the very least ten traders searching for to remodel it into SAF (Sociedade Anônima do Futebol), as PURPOSE.
The report discovered that negotiations haven’t but progressed. The events, all from overseas, collect details about the membership’s funds, construction and composition earlier than submitting a suggestion to accumulate a proportion of SAF.
The course of adopted in the talks is pure, based on sources linked to the backstage at Cidade do Galo. There shall be progress in the negotiations solely from December, when the membership should full its transformation into an organization.
Those inquisitive about SAF’s acquisition of Atlético-MG are being stored below wraps as all talks have a pre-contract with confidentiality clauses – the membership has not confirmed the curiosity of the sheikh who instructions Paris Saint-Germain, Nasser Al-Khelaifi, as revealed journalist Jorge Nicola. However, there may be an inner need for the new investor to have “know-how” (information of guidelines, strategies and procedures in skilled actions) in soccer.
Gallo contacted Grupo City at the begin of 2022, however the firm has already held talks with Bahia since then – negotiations have been led by agent Paulo Pitombeira, who will obtain 6% of the complete worth of the negotiations.
Atlético-MG can also be evaluating the chance of having a pool of traders in its administration from 2023 onwards (City Group) and Cruzeiro (Ronaldo Fenômeno). However, he has modified his conduct and is able to search for multiple accomplice.
The board, which incorporates the patrons, is contemplating joint administration of Galo. Thus, there could also be multiple investor on the lookout for enhancements behind the scenes of the membership.
Atlético-MG has not but rated the membership on the market, which is named a ranking. However, the board has already decided that it wish to obtain roughly R$1 billion for 51% of SAF’s shares.
The proportion that shall be negotiated has not but been decided, however there’s a chance of promoting a bigger stake.
The membership’s patrons – Rafael Menin, Renato Salvador, Ricardo Guimaraes and Rubens Menin – also can act as companions, however exclude their majority participation.
Another level that instantly interferes with the worth of the membership has not but been mentioned. Atlético-MG has the related property, similar to MRV Arena, Cidade do Galo, headquarters and leisure golf equipment. The board has not decided whether or not they are going to go on the agenda with the conversion to SAF.