September 25, 2023
“John Textor is the only investor with whom Botafogo has open negotiations,” confirms Andre Cham

“John Textor is the only investor with whom Botafogo has open negotiations,” confirms Andre Cham

What is the negotiation stage for Botafogo K Eagle Holding, to the American businessman John Textor? The club’s official spokesperson for the project SAF . Football FoundationAnd Andre Koll He explained the situation and explained: The only investor who had open negotiations with Glorioso is Textor.

– A year into the administration of President Durcesio and nine months after the arrival of CEO Jorge Braga, we have received an offer, not yet binding, from Mr. John Textor, interested in acquiring 90% of the shares of Botafogo SAF, with the remaining ten being owned by the Association. A non-binding offer is one that, initially, does not obligate either party to complete negotiations. But rest assured, it is normal that in transactions of this type, the first offer is non-binding. It is important to emphasize that in order to arrive at this proposal, Botafogo has gone through all the stages, with the best standards of global excellence, with the aim of creating negotiation venues. All the club’s obligations were identified and quantified, and financial forecasts, or the so-called work plan, were drawn up, which required tens of working hours by various specialists in their respective fields. The whole process was done carefully and absolutely responsibly, under the leadership of the president dorchesio and CEO Jorge Braga. The next step was hiring XP As an exclusive advisor to search for investors for the project. As soon as he received the non-binding offer, Botafogo returned it, inserting the claim in the interest of the football interest of the club and its fans – explained Andre Chamy, to the official Botafogo website.

The lawyer spoke more about John Textor’s exclusivity.

– By accepting the site entered by Botafogo, the non-binding agreement was signed by President Durcesio Mello, which gives an exclusive right for 60 days to the investor John Textor to negotiate with Botafogo de Futebol e Regatas. At the moment, all parties involved are subject to a confidentiality agreement, which is also common in operations of this kind, so I have been appointed with honor by everyone as the sole interlocutor in the negotiations. We expect to sign the binding contract in the coming weeks, and I repeat that John Textor, for a period of sixty days, is the only investor that Botafogo has negotiated with – he added.