Prosecutor flags irregularities in Vasco’s judicial recovery plan | OneFootball

Prosecutor flags irregularities in Vasco’s judicial recovery plan | OneFootball

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Papo na Colina

·23 August 2025

Prosecutor flags irregularities in Vasco’s judicial recovery plan

Article image:Prosecutor flags irregularities in Vasco’s judicial recovery plan

The Public Prosecutor's Office of Rio de Janeiro issued a preliminary opinion on Friday about Vasco's Judicial Recovery Plan — which involves both the associative club and the SAF — and identified serious illegalities in the text presented. The plan, filed in May and modified in August 2025, could not be ratified as it is, according to the agency's analysis.


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Photos: Matheus Lima/Vasco.

Main irregularities pointed out

  • Workers prejudiced: According to the proposal, creditors who had already signed previous agreements would receive in up to 10 years, while the law provides a maximum term of 3 years. Those who did not adhere would be entitled to only 8% of the debt, with a discount of 92% and a limit of 150 salaries. The Public Prosecutor's Office considered these conditions illegal and abusive.
  • Unequal treatment among creditors: The plan creates a distinction between “collaborators” and “non-collaborators”. There are penalties for creditors who delay the bank registration. Worse conditions would be applied to “latecomer” creditors. For the Public Prosecutor's Office, this violates the legislation and the principle of equality among creditors.
  • Clauses outside the law: The text tries to establish deadlines that could only be set by the judge. Non-compliance with obligations, which by law would lead to bankruptcy, is improperly flexibilized in the plan.

Next steps

The Public Prosecutor's Office recommended that all illegalities be corrected before the General Assembly of Creditors, which will still deliberate on the proposal. Otherwise, there is a risk of judicial rejection of the plan, which would jeopardize the entire club's recovery process.

In summary, the opinion serves as a warning: if Vasco does not make the required adjustments, its judicial recovery plan may fail in court.

Article image:Prosecutor flags irregularities in Vasco’s judicial recovery plan

Photo: Leandro Amorim/Vasco.

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This article was translated into English by Artificial Intelligence. You can read the original version in 🇧🇷 here.

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