Tuesday briefing: Santos grant exclusivity to US group in takeover negotiations

Santos have agreed a 90-day exclusivity period with US-based investment platform SDC Sports LLC to negotiate a potential takeover tied to the creation of a Sociedade Anónima do Futebol (SAF) - the Brazilian version of a limited company created specifically for football clubs, allowing them to sell shares to investors.

The club do not currently operate as a SAF and remain structured as a member-owned association. Any transaction would therefore require the formal establishment to author