The terms follow five months of due diligence with Rothschild & Co., Alvarez & Marsal and BMA since the nonbinding offer of 20 February 2026, covering the Club's assets, liabilities and operations. Santos Futebol Clube is being advised by XP Investimentos, EXA Capital, and Bichara e Motta Advogados.
“Alongside the capital commitment, we intend to invest across the four areas the Club has always been defined by. The academy, so Santos again develops and retains the best young players in Brazil. Infrastructure, starting with Rei Pelé and Meninos da Vila and the facilities the players use every day, always respecting the Club’s heritage and identity, as also embodied by Vila Belmiro. The brand, so the Club's global standing is reflected in its commercial and media presence. And the first team, so what happens on the pitch matches the badge.”, said Michael Lipman, Managing Partner of SDC Sports, and Diego Garcia, Co-Founder & Managing Partner of St. Dominique Capital.
SDC Sports will now present the project to the Deliberative Council. Any transaction remains subject to, among other factors, the bylaw amendments and the applicable internal approvals from the Club’s competent governance bodies, including the Deliberative Council and the General Assembly of Members, the satisfactory completion of a bilateral confirmatory due diligence, and the execution of the definitive documentation.
"You do not buy a club like Santos, you take responsibility for being granted an opportunity to be a part of it," said Michael Lipman & Diego Garcia. "Our ambition is to return this club to where its history says it should be. That starts with a stable foundation, and it starts with the Deliberative Council hearing the plan and the people behind it.”
“Since the beginning of our administration, we have made it clear that it was our duty to assess all alternatives capable of strengthening Santos, including a potential conversion into a SAF. The execution of this term sheet represents an important step in that journey. The project will now be presented to the Deliberative Council, in strict observance of the Club’s governance procedures. Our commitment remains unchanged: to strengthen Santos FC, preserve its history, and always act in the best interests of its members and supporters,” said Marcelo Teixeira, President of Santos FC.