Kidd accuses Cruzeiro, Vasco and Botafogo of the Sudanese armed forces and threatens to fine 60 million Brazilian riyals

CADE (Administrative Council for Economic Defense) has collected information about Sell ​​SAFs in Sea tripAnd the Botafogo And the Vasco He points to a fine of R$60 million for the first two if their questions are not satisfactorily answered. The reason is that the federal agency was not notified in advance of the financial transactions.

This information was published on Saturday (4) by the newspaper Folha DS Paulo And confirmed by CAD itself for Throw!

+ Find out which clubs have given up the most players for the Brazilian national team at the World Cup

According to the Antitrust Agency, the Antitrust Law provides for the submission of so-called mergers, acquisitions, incorporation, union contracts and other operations to the Board for prior scrutiny, in which the total annual sales or sales of at least one of the groups involved. In the state equal to or more than 750 million Brazilian riyals.

In addition, the other party to the company must have revenue or recorded transactions equal to or greater than R$75 million.

Failure to comply with prior notification requirements carries penalties such as fines ranging from R$60,000 to R$60 million. An administrative process can also be initiated to investigate violations of the economic system, and the process is at risk of being cancelled, Kidd notes.

In the case of Vasco, which has not yet agreed to be sold to the investment group 777 Partners, a letter was sent with a request for clarification, without the risk of sanctions for the time being.

Also, according to Kidd, the trio should submit the information to the agency by next week.

Of the three clubs, CADE requested copies of contracts and detailed transaction information, such as the identity of buyers and SAF’s corporate structure, before and after the transaction. The authority also wants a list of direct and indirect shareholders and share holders.

Among other data, the list of companies in which SAF has a stake of more than 20% in Brazil, the total revenue of all participants in the country, as well as all product and service lines offered by the club that could be there were intertwined with the buyer group.

Refusal, deletion or delay of data requested by CADE can result in a penalty of a daily fine of R$5,000, which can be increased up to 20 times.

In his concept, Kidd points out that the law can indeed be applied to these teams, as SAFs are categorized as corporate clubs.

Most of the clubs are considered non-profit associations, so they have evaded Kidd’s investigations. Since it is a new topic, an unprecedented element in the Brazilian scenario, experts have heard before L! He has no concrete opinion yet on this matter.

The report was unable to contact the press office of the three clubs until this report was published.

Table
> Check games, rating and simulation results for Brasileirão-22
> Check out games, rankings and simulation results for the B-22 series
> Learn about the new L Results app!