Santos president Marcelo Teixeira met three representatives of North American group Saint Dominique last week and is assessing a non-binding offer to buy the club’s SAF. He has yet to reply to the investors.
According to Globo.com, the proposal consists of R$ one billion in funding, full assumption of debts estimated at a further R$ one billion, and 80% control. Acceptance would grant the group exclusivity and a 60 to 90 day due diligence window.
No statutory change is needed to accept the non-binding stage, but doing so would mark a significant step, which is why the presidency is not rushing. The group wants to move quickly.
To become binding, investors must complete due diligence and Santos must approve statute changes allowing a majority sale of football shares. Those changes require votes in the Conselho Deliberativo e a Assembleia Geral de Sócios. Only then could the proposal proceed.
The approach follows a long process dating back to May 2025, when Santos began presenting its possibilities to the market before receiving this non-binding offer. The proposal is formally documented as an expression of interest.
Contract terms include protections of club heritage, with vetoes on changing the name, official anthem, primary kit colours and location.
