American investment fund Saint Dominic Sports has made the first official takeover bid for Brazilian club Santos, valued at approximately 350 million euros for 80% of the club's shares, the highest offer ever made for a Brazilian club. Club president Marcelo Texeira has agreed to the non-binding offer, with the fund committed to settling the club's debts and maintaining its financial stability. The management has 90 days to decide whether to accept or reject the deal. Currently, detailed negotiations are underway as part of a comprehensive due diligence phase, which includes studying the club's financial, legal, operational, and commercial situation to identify any potential risks before finalizing the transaction.
