Foreign investors in pursuit of Brazilian soccer

The fortunes appeared after the Brazilian Congress approved in August 2021 the Soccer Joint Stock Companies (SAF) law, which provides tax advantages and stimulates the transformation of clubs into companies after operating for a century as non-profit associations.

RIO DE JANEIRO, BRAZIL - Following the example of Europe, Brazilian soccer is opening up to foreign investment, which could bring several ailing teams back to life and reinforce the South American giant's dominance of the region's soccer fields.

So far, two U.S. investors have negotiated the purchase of Botafogo and Vasco de . . .

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