11 August 2026
Please consider the following update of certain proceedings underway in Frace,USA Matter (Textor vs Eagle Bidco, João Paulo Magalhaes Lins., and Augusto Montenegro)
On June 4, 2026, Mr. Textor filed an action for Declaratory Relief in the state of Florida, requesting a declaration from the court confirming that Mr. Textor is the owner of the shares of SAF Botafogo, currently representing a 90% ownership interest in the club. Mr. Textor also sought confirmation form the court that Eagle Bidco never paid the cash consideration required by the original agreement pursuant to which Mr. Textor intended to sell his SAF Botafogo shares to Eagle Bidco, and that such contract must be confirmed as void.
On August 7, 2026, we learned that Eagle Bidco would offer no defense against Mr. Textor’s claims of ownership. Mr. Textor’s attorneys, therefore, filed a motion requesting the Clerk of Court to enter an Order of Default against Eagle Bidco, which if later confirmed by the assigned judge, would mean that Mr. Textor remains the owner of the 90% share ownership of SAF Botafogo. We expect the clerk of court will enter an Order of Default against Eagle Bidco during this week.
UK Matter (Textor vs Eagle Bidco)
We have also today, August 10) learned that Eagle Bidco will not offer a defense in a hearing this week, in the United Kingdom, whereby we are seeking ’injunctive relief’ to stop the social club and the SAF from marketing and selling Mr. Textor’s shares. While injunctive relief (to stop a party from acting as they wish) is always challenging to secure, we are comforted to know that (counting Brazil) Eagle Bidco has now chosen not to oppose Mr. Textor’s claims of ownership in all three jurisdictions, where the matter is being adjudicated.
As we expect that Eagle Bidco will continue to not defend against Mr. Textor’s claims of ownership, then it is only a short matter of time before Mr. Textor is re-established as the owner of SAF Botafogo.
-------------------------
7 de abril de 2026
Como movimento de grande relevância pública e com o compromisso de atualizar a apaixonada torcida alvinegra sobre o andamento das questões societárias, gostaria de compartilhar os detalhes de uma Carta-Proposta enviada ao Clube Social na noite desta segunda-feira:
- Apresentei formalmente o interesse de investir, com capitais próprios, US$ 25 milhões (R$ 128,5 milhões, aproximadamente, no câmbio atual) adicionais na SAF Botafogo através de aporte financeiro, reforçando meu compromisso contínuo com o sucesso de longo prazo do Clube. Este investimento está estruturado como um aporte de capital próprio (equity), com injeção de recursos na SAF em troca de ações ordinárias, fortalecendo a posição financeira do clube de maneira sustentável e responsável.
- Os 10% de participação do Clube Social permanecem preservados, conforme previsto no Acordo de Acionistas, sendo a capitalização viabilizada por meio da emissão de novas ações. Trata-se de um investimento e não de um empréstimo, ou seja, dinheiro novo e saudável entrando no clube.
- O aporte se soma à contribuição de US$ 25 milhões (R$ 128,5 milhões) previamente assegurada junto à GDA Luma e à Hutton Capital, totalizando US$ 50 milhões (R$ 257 milhões) em capitalização para apoiar a estabilidade financeira e as ambições esportivas do Botafogo.
- Desde Janeiro deste ano, a SAF está aguardando uma autorização do Clube Social para a entrada de equity. Hoje, reitero esse pedido formalmente para a que possamos seguir com o processo de capitalização. O aumento de capital tem como objetivo garantir liquidez imediata e de médio prazo, incluindo obrigações com folha de pagamento, ao mesmo tempo em que fortalece o balanço patrimonial por meio de equity, em vez de dívida adicional.
- Sigo comprometido em apoiar o Botafogo e garantir sua operação continuadamente, mas não posso fazer isso sozinho. O apoio e autorização do Clube Social são essenciais para seguirmos com o investimento e manter a força financeira da SAF.
- Estou pronto para continuar financiando o Botafogo e ansioso para trabalhar em colaboração com todos os interessados para garantir estabilidade, continuidade e sucesso do nosso projeto esportivo.
------------------------
April 7, 2026
As a matter of significant public interest, and with a commitment to keeping our passionate Botafogo supporters informed about the progress of corporate matters, I would like to share the details of a Proposal Letter sent to the Social Club on Monday evening:
- I formally expressed my interest in investing an additional US$25 million (R$128.5 million) of capital into SAF Botafogo through a financial contribution, reinforcing my continued commitment to the Club’s long-term success. This investment is structured as an equity contribution, with capital injected into the SAF in exchange for common shares, strengthening the club’s financial position in a sustainable and responsible manner.
- The Social Club’s 10% ownership stake remains preserved, as provided in the Shareholders’ Agreement, with the capitalization to be carried out through the issuance of new shares. This is an investment, not a loan. In other words, new and healthy capital entering the club.
- This contribution is in addition to the US$25 million (R$128.5 million) previously secured through GDA Luma and Hutton Capital, totaling US$50 million (R$257 million) in capitalization to support Botafogo’s financial stability and sporting ambitions.
- Since January of this year, the SAF has been awaiting authorization from the Social Club to allow capital to enter in the form of equity. Today, I formally reiterate this request so that we may proceed with the capitalization process. The capital increase is intended to ensure immediate and medium-term liquidity, including payroll obligations, while strengthening the balance sheet through equity rather than additional debt.
- I remain committed to supporting Botafogo and ensuring its continued operations, but I cannot do this alone. The support and authorization of the Social Club are essential to moving forward with this investment and maintaining the SAF’s financial strength.
- I am ready to continue funding Botafogo and look forward to working collaboratively with all stakeholders to ensure stability, continuity, and success for our sporting project.
Inquiries:
Eagle Football Holdings Limited