The signing of the loan agreement between Botafogo e John Textor to make the BRL 50 million bridge loan viable took longer than it should have been due to discussions about guarantees in case the sale of SAF did not go through – which is not considered by either party. The information is from the “GE”.
The alternative for Botafogo to give a guarantee – which must be in a contract – that it would return the loan in case there was any unforeseen in the negotiations by the SAF was to link part of the economic rights of the players. Nobody works on the hypothesis of the change for John Textor going wrong, reiterate.
From the signing of this loan agreement, Textor has up to five business days to send the R$50 million. Now, what is in the SAF contract takes effect: 10% of the new company as a guarantee for the loan.
Botafogo plans to use these initial R$50 million to pay more urgent expenses and to carry out negotiations with players that are already open and close to an outcome – which could be the cases of Elkeson, Rafael Carioca e Oscar Romero.
Remember John Textor’s investment schedule in Botafogo:
BRL 50 million as a bridge loan
BRL 100 million in cash (on the date of signature of the documents)
BRL 100 million in up to 12 months
BRL 100 million in up to 24 months
BRL 50 million in up to 36 months
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