Ex-Flamengo, Marcos Braz and rapper L7nnon buy stake in Rio club’s SAF | OneFootball

Olaria's SAF Sold to Consortium Involving Marcos Braz and L7nnon

On Monday (04), Olaria officially announced the sale of its Sociedade Anônima do Futebol (SAF) to a consortium formed by former Flamengo vice-president of football, Marcos Braz, rapper L7nnon, and the sports marketing company Ric’s. The president of the Rio club, André Luiz “Batata,” believes the deal will revive the team.

The Rio-based team has accumulated debts, which in recent years have affected football performance and put the institution’s existence at risk. Given this scenario, the club members took the first step two weeks ago when they voted for a new management format.

“It means getting out of the crisis, overcoming financial problems, and rebuilding this club. Having outside capital, people investing in football. And with the revenue from our members, we’ll run the club in general. Because football is very costly,” explained André Luiz “Batata,” president of Olaria.

How much is the deal worth?

The assembly’s notice lists the companies interested in Olaria: DTS Serviços (from Marcos Braz), DLA Investments (from L7nnon), and Ric’s. The agreement provides for R$ 25 million for 95% of the football division, with the investors settling debts and guaranteeing a negative debt certificate by August. Therefore, the remaining 5% stays with Olaria.

What do L7nnon and Braz have to do with it?

L7nnon had already shown affinity with Olaria, as he attended matches and contributed to improvements at the stadium. Marcos Braz brings experience from managing Flamengo and, currently, Remo (PA). The club, which in 2020 was in Série B1 of the Carioca, almost reached the top division on three occasions and in 2024 had another chance at promotion after Americano was penalized.

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