Source data
Formation routes under Article 2 of Brazil's consolidated SAF law
Sources checked
- 01I
Transformation · The original club or legal entity becomes a SAF. Source 1
- 02II
Demerger · Football-related assets split out from the original entity and transfer to the SAF. Source 1
- 03III
New initiative · An individual, legal entity or investment fund can initiate formation. Source 1
- 04IV
Subscription with football assets · The original club subscribes for all the shares and pays in football-related assets. Source 1
The route determines the starting entity and the relationship with an existing club.
Formation routes under Article 2 of Brazil's consolidated SAF law
The table summarises the consolidated law as checked on 11 November 2026. The football-company form is called Sociedade Anônima do Futebol, or SAF.
| Source | |||
|---|---|---|---|
| I | Transformation | The original club or legal entity becomes a SAF. | Source 1 |
| II | Demerger | Football-related assets split out from the original entity and transfer to the SAF. | Source 1 |
| III | New initiative | An individual, legal entity or investment fund can initiate formation. | Source 1 |
| IV | Subscription with football assets | The original club subscribes for all the shares and pays in football-related assets. | Source 1 |