December 7, 2021

The Catholic Transcript

Complete News World

S/A: Botafogo signs an agreement with XP, which is looking for a partner to invest in the club

S/A: Botafogo signs an agreement with XP, which is looking for a partner to invest in the club

NS Botafogo Take another step on the path to becoming company club. The club closed this week with XP Investment, who previously agreed with Sea trip. You will be looking for an investor for Vinegro. The information is taken from “Economic Value”.

– The new law that creates the number Unknown Football Association (SAF) It gives investors the security to become dominant partners in Brazilian teams – announced Pedro Mosque, responsible for the investment banking area in XP.

With the new club law, approved by the Senate, the SAF will pay taxes differently from non-profit civic associations, facilitating the process.

XP says there are already international investors who are interested and believe in the potential of Botafogo and Cruzeiro.

We are talking here about two important Brazilian clubs and with great fans. Here I am making an analogy with a financial institution. What is the value of a bank with 10 million customers? The value of a football club is related to revenue generation, the brand and the players they own Pedro Mesquita added.

On the white side, CEO Jorge Braga Optimistic about turning into Botafogo S/A.

– Fortune comes to those who are prepared. I got here and brought in a team of market professionals who really made a difference to the club. We have reduced fixed expenses by 30% for Botafogo – explained.

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