Vasco settles debt installment, averting transfer ban

Vasco has paid the first installment of the collective plan approved by the National Chamber for Dispute Resolution (CNRD), thereby averting the risk of a transfer ban. The board secured a loan of approximately R$ 5 million from Almirante Participações, a company owned by Marcos Lamacchia, to meet this obligation.

Installment Payment and Deadline

The disbursement to creditors took place throughout this Monday, which was the deadline for the club to prove the installment's settlement to the CNRD. The ruling mandated the payment, by August 25, of amounts pertaining to the months of January to August 2026, and further required Vasco to provide proof of the transaction in the court records within five days of the due date.

Total Debt Amount

The club holds over R$ 110 million in debts with creditors covered by three collective plans under the CNRD. As per the agreement, Vasco is required to pay R$ 15 million annually and additionally allocate 10% of the gross revenue from prize money earned in competitions organized by the CBF and Conmebol towards debt settlement. The amounts stipulated in the agreement will be updated annually, every October, based on the accumulated IPCA over the preceding 12 months.

DIP Loan Under Judicial Review

Vasco is also awaiting the release of a R$ 150 million DIP loan, which is currently under judicial review. There is concern within the club regarding its ability to maintain employee payments and fulfill obligations stipulated in the Judicial Reorganization if these funds are not released. The club had stated a need for R$ 83 million by August 31 to meet its commitments and filed an appeal with the Rio de Janeiro Court against the decision that made the review of new debts exceeding R$ 5.9 million, including the DIP loan, conditional.

Immediate Club Impact

By settling the installment, Vasco avoids the imposition of a transfer ban, allowing the club to continue participating in competitions and maintaining its player roster in compliance with CBF regulations.