The Vasco da Gama club had submitted a loan application, but the judge has maintained that a financial audit report is required before the loan can be approved. This decision comes after the club presented a new appeal against the initial ruling, which had also required the audit report.
The judge has raised concerns about the financial projections presented by the club, questioning the difference between the previous and current projections. She has also questioned the planned investments of approximately R$ 70 million in August and R$ 18.4 million in September. The court believes that 84% of the emergency debt presented to justify the new loan is related to investments.
The decision also highlights the potential for the club to accumulate a debt of R$ 270 million with the potential buyer, which could hinder competition in the sale of the SAF. The judge has ordered the Administration Judicial, the watchdog, and the gatekeeper to provide explanations within 48 hours regarding the sensitive points.
The Vasco da Gama club will continue to be without the R$ 150 million loan, which is considered crucial for the club's finances and to fund commitments, including investments in football during the transfer window.