Flamengo wants more time to sign Maracanã concession

Flamengo and Fluminense were the winners of the Maracanã concession and would have to sign the contract by this Friday (9), but the duo asked the Government of Rio de Janeiro to extend this deadline for another two months. Rubro-Negro sent a letter with the request and justified it with “formalities and bureaucracy” that delayed the process.

The president of Flamengo, Rodolfo Landim, was the one who signed the request to the State Government asking for the additional 60 days. The main allegation is that authorizations in the clubs to formalize a Specific Purpose Company (SPE) took “longer than expected” and delays the official registration of the clubs' company together. The information comes from journalist Raphael Zarko, from “ge”.

“Fla-Flu Serviços S.A” was approved by the Fluminense board on July 29th, with 98% approval. The red-black Deliberative Council, which went through many important votes recently, authorized the creation of the company last Monday (5).

These deadlines delayed the formalization of the company, which should have already been formed two business days in advance of the signature date, as determined in the notice. In other words, the company should have been formalized since Wednesday (7).

To date, however, there has not been any response from the Government of Rio de Janeiro to the clubs' request.

To date, however, there has been no response from the Government of Rio de Janeiro to the clubs' request.

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Maracanã concession will cost Flamengo more than Fluminense

As MRN announced exclusively, “Fla-Flu Serviços S.A” will be divided into 65 % for Mengão and the remaining 35% for Fluminense. This division will also influence the expenses that each club will have with the stadium, even if they form a company.

The Fla-Flu Consortium won the concession with a proposal that foresees an investment of R$ 400 million for the granting of the stadium (R$20 million per year) and investment of R$393 million in works and maintenance, R$182 million in the first three years. Owner of the largest share of the company, Mengão will be responsible for almost R$500 million of these investments.