The law that created the SAF (Sociedad Anônima do Futebol) in Brazil expired in August last year, and the trend here is for many clubs to turn professional in order to be able to invest more and get out of debt.
Some have already joined SAF:as in the case of Cruzeiro, América-MG Botafogo, Vasco, Gama, Figueirense, Coritiba, Cuiabá and Santa Cruz, among others.
Last week, Atlético-MG approved the incorporation law to convert itself into a corporation, taking another step toward preparing the club for the entry of an investor.
Lawyer Mauricio de Figueiredo Correa da Veiga, a specialist in sports law, explained that the SAF only consists of football practices within the organization.
“The club is responsible for exploring other sports and will be responsible for the payment of obligations incurred prior to the establishment of SAF through its own income and other income that will be transferred by SAF, in this case 20% of the current monthly income. to earn and as a shareholder, 50% of the dividends, which will be allocated from interest on equity or other remuneration,” he commented.
According to him, it cannot be expected that the SAF itself will be the solution to all the problems of Brazilian football clubs.
“There is no doubt that the SAF can be a light at the end of the tunnel for the financial crisis of the clubs, but unless there is a change in mentality, there is no magic formula that can change this situation,” assessed Mauricio.
for example in Portugal
In Portugal, for example, all clubs playing in the Primera and Segunda are required to form a SAD (soccer association) or SDUQ (single member sports association), in which the founding club must be the sole member.
“This fact is not a guarantee of balance and financial health of clubs. In 2018, Clube Desportivo das Aves won the Portuguese Cup, defeating Sporting in the final. It was the club’s biggest achievement and was praised by the entire press. At that time SAD was headed by Chinese Wei Zhao,” he said.
In July 2020, Aves failed to obtain the necessary licensing requirements in professional competitions with Liga de Clubes after finishing last in the 2019/20 season and having an appeal to the Portuguese Football Federation’s Board of Justice rejected.
In April 2021, SAD do Clube Desportivos das Aves was declared bankrupt by the Santo Tirso District Court, a few months after participating in the Portuguese Championship.
“Currently, the biggest symbol of the club’s main achievement, the trophy won in the Portuguese Cup, was auctioned with a minimum bid of 1,600 euros,” commented the lawyer.
“It must be borne in mind that investment in the SAF must mean assuming operational control, acting independently, autonomously and responsibly. otherwise SAF: could have the same end for many companies that fail to sustain themselves,” concluded Mauricio de Figueiredo Correa da Veiga.