Brazilian football clubs are undergoing a significant conversion with the introduction of Sociedade Anônima no Futebol (SAF). This innovative business model is already yielding positive results for several clubs, enabling them to restructure their finances, attract investments, and gain greater autonomy in their operations.
To shed light on the potential of SAF and address any uncertainties surrounding it’s implementation, Go Up Football, a leading subscription and distance learning platform, is hosting a crucial online event on January 26th at 6:30 PM. Titled “SAF: The Future of Brazilian football Clubs,” this event will bring together prominent experts in the field to discuss practical solutions and strategies for leveraging the SAF model.
The event will feature a distinguished panel of speakers, including Thiago Millet, a renowned lawyer specializing in sports legislation, André Krummenauer, CFO of finance at Chapecoense, Flávio Boson, legal superintendent of Cruzeiro, and Mário Bobadilla, a respected personal finance consultant and investment advisor. Their insights will provide invaluable guidance to clubs considering adopting the SAF model.
Interested individuals can register for the event through the Go Up Football subscription platform.
Understanding the Evolution of Corporate law in Brazil
The foundation for the SAF model lies in Brazil’s Corporate Law No. 6,404, enacted in 1976. This law governs the accounting practices of publicly traded companies. Recognizing the need for modernization and alignment with international standards, subsequent legislation, including laws 11,638/07 and 11,941/09, amended and revised provisions of the original law. These amendments aimed to:
• Enhance the clarity and effectiveness of corporate law;
• Adapt the legal framework to the evolving social and economic landscape driven by market dynamics;
• Strengthen the Brazilian capital market by implementing internationally recognized accounting and auditing standards.
Event details
Event: SAF – Future of Brazilian Football Clubs
Date: January 26th, 2022
Time: 6:30 PM
Registration: https://goupfootball.com/
A New Dawn for Brazilian Football: An Interview with Ronaldo Nazário
Today, we’re joined by the legendary Ronaldo Nazário, a name synonymous with Brazilian football brilliance. Ronaldo, thank you for taking the time to discuss this exciting progress in Brazilian football: the Sociedade Anônima do Futebol (SAF). lets dive right in.
First, for our readers who might be unfamiliar, can you briefly explain what SAF is and how it stands to revolutionize the Brazilian football landscape?
Ronaldo: Thanks for having me. SAF, simply put, means transforming football clubs into publicly traded companies.This opens up a whole new world of possibilities in terms of investment and financial management. For years, Brazilian clubs have struggled with debt and financial instability. SAF offers a chance to break free from that cycle.
Absolutely. The article mentions that several clubs are already experiencing positive results. What are some of the potential benefits you see for clubs who embrace this model?
Ronaldo: It’s exciting to see SAF starting to make a difference. Clubs can now attract investors, both domestically and internationally, who can inject much-needed capital. This means improved infrastructure, better youth development programs, and the ability to compete for top talent. Imagine the possibilities if clubs have the financial freedom to build academies that rival those in Europe.
I imagine there might be some apprehension among traditionalists who prefer the old ways. What woudl you say to those who are hesitant about this shift towards a more corporate structure in Brazilian football?
Ronaldo: Change is always met with some resistance, understandably. But we need to recognize that the world of football is evolving. Top European clubs have long been operating as businesses, and they haven’t lost their soul or passion for the game. SAF can actually enhance a club’s identity and allow it to thrive for generations to come.
The article highlights the importance of updated corporate law in Brazil to support this new model. Can you elaborate on that point?
Ronaldo: Absolutely. clear and modern legislation is essential to create a stable and attractive habitat for investment.The amendments to Brazil’s Corporate Law are crucial in providing the legal framework for SAF to flourish.
Going Up Football is hosting an online event on January 26th featuring legal and financial experts who will be discussing SAF in detail.What do you think is the most importent topic that should be addressed at this event?
Ronaldo: I’d be interested in hearing more about the practical implementation of SAF. How do clubs actually make the transition? What are the key legal and financial considerations? Providing concrete examples and case studies would be invaluable for clubs considering this path.
This has been a interesting conversation,Ronaldo. what message would you have for aspiring young footballers in Brazil looking to hone their skills and make their mark on the world stage?
Ronaldo:
Keep dreaming big, train hard, and believe in yourself. And who knows, maybe one day you’ll be playing for a Brazilian club that’s flourishing thanks to the transformative power of SAF.
Thank you, Ronaldo, for sharing your insightful viewpoint on this crucial topic. Now, readers, we want to hear from you. What are your thoughts on the SAF model? Do you believe it has the potential to elevate Brazilian football to new heights? Share your opinions in the comments below and let’s keep the conversation going!
