On August 21, 2023, the Securities and Exchange Commission (“CVM”) published Guidance Opinion No. 41 (“Opinion”), which deals with Football Corporations (“SAF”) and their dialogue with – and access to – securities market.
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On April 26, 2023, a Decree was published, which, among other measures, extended the list of sectors of the economy that may have investment projects considered a priority and, consequently, eligible for the tax benefits established by Law 12,431/11
The recent Decree 11,498/23, of April 25, 2023, can make new and efficient financing mechanisms for football viable, and mitigates -even partially- a historic misunderstanding.
The theme of this column suggests a dialogue with a text recently published by the general editor of sports at Estadão, journalist Robson Morelli, whose title is "learn to live with the SAF".
One night at dawn in 2009, I got a call around 11:30 pm on a Wednesday. It was the journalist Victor Birner, inviting me to meet him at a bar. Minutes later, I was next to one of the idols of my life-after, obviously, his brother, Raí, the greatest player in the history of São Paulo and PSG.