PVC projects date to be announced in SAF Bahia: “August 20” | Bahia

“Look, I’ll put a date: August 20,” stated PVC.

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PVC talks about SAF in Bahia — Photo: Reproduction

– Bahia will announce in August the collaboration with the City Group with a undertaking to develop into Sociedade Anônima do Futebol to have up to the eighth price range in Brazil and technically to have a extra bold undertaking than the eighth. Being sixth, fifth in the beginning, and attempting to be a high group. It’s a undertaking, in fact, however it can be announced. August won’t cross – added the journalist.

+ Follow BAba | The president of the Bahia Council examines the historic settlement and the membership’s SAF

Although he has not but formally confirmed a proposal from Grupo City, Bahia is on the way in which to closing the deal to promote the membership to SAF. Last Friday, the Tricolor Deliberation Council took one other vital step in this route, approving the debt settlement settlement with Banco Opportunity.

In its assembly held final Thursday evening, the Deliberative Council of Bahia unanimously accepted the opinion of the Fiscal Council relating to the debt cost settlement with Banco Opportunity that reached R$ 114 million. After negotiations, the debt was lowered to R$ 35 million, to be paid in 84 installments over seven years.

Bahia Deliberation Council assembly — Photo: Reproduction / EC Bahia

The settlement with the financial institution has been thought of by Bahia because the “final impediment” for City Talde to settle for the proposal to type the membership’s Sociedade Anônima de Futebol (SAF). It is an understanding that a big debt would hamper the plans of a future investor.

Between 1998 and 2006, Bahia grew to become a public restricted firm and was a accomplice of Ligafutebol, fashioned by Banco Opportunity and holding 51% of the membership’s shares. With the termination of the affiliation, Tricolor regained management of the administration, assumed the money owed of the League and promised to switch percentages from the sale of athletes (10% from 2006 to 2007, 20% in 2008 and 30% from 2009), by no means. it occurred

Without receiving the agreed quantity, Opportunity took authorized motion, and the case reached the Supreme Court of Justice (STJ).

Throughout his administration, Bellintani sought to negotiate the debt with the financial institution. In March 2022, the supervisor acknowledged that he had an settlement in place with Opportunity to cut back the quantity of debt by about 70%.

  • 1st installment – BRL 416,666.67
  • 2nd installment – – R$ 416,666.67 (directed by IPCA)
  • from 13 to 23; 25 to 35; 37 to 47; 49 to 59; 61 to 71; Installment 73 to 83 – R$ 350,000.00 (directed by IPCA)
  • twenty fourth, thirty sixth, forty eighth, sixtieth, 72nd and 84th payment 0 – BRL 1,150,000.00.

Bahia doesn’t formally touch upon negotiations with potential companions, however the membership has superior talks with Grupo City, which is already working behind the scenes to discover professionals to be a part of the undertaking.

+ SAF in Bahia: Bellintani reveals the precedence of paying the debt and explains the concepts

As quickly because the proposal is obtained, Bahia should ahead the doc to the Deliberation Council. Then the Legal Committee and the Procedures Committee (created to study the SAF challenge in the Club) will full the opinion and ahead it to the total assembly of the Council. The members are then known as upon, by a easy majority vote, to settle for or reject the membership’s proposed acquisition of SAF.

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