Evangelos Marinakis’ plans for investment in São Paulo is a wide-ranging one, with the Nottingham Forest owner working on a complex agreement covering all levels of the Brazilian club.
That’s according to journalist Jorge Nicola, whose information on the matter is covered by Vamo Futebol today.
They explain that current president Julio Casares has put the development of the clubs Cotia Athlete Training Centre as one of the three pillars of his second term and, last Monday, he opened a new gym with new equipment to help the younger players.
One of possibilities to modernise and expand the talent pool being floated would involve an agreement with Nottingham Forest owner Evangelos Marinakis.
He would inject ‘substantial capital’ in the club’s youth team and become a partner when it comes to selling them in future.
Nicols reports that the current negotiations between São Paulo and the Nottingham Forest chief would see him initially entitled to 25% of the revenue. This would increase to a limit of 40% over the years.
There is, though, an understanding that it would make little sense for the Greek magnate to receive a large share of the economic rights to the clubs ‘gems’ without him first putting in some form of contribution.
The resources the billionaire can offer will make a difference in the medium and long-term and so São Paulo would like to award that. Casares, though, has insisted that Marinakis would not own the club’s youth ranks outright, but would just be a partner in the operation of the youth teams.
Nicola adds that Marinakis would inject $100m into the club’s youth sector, around R$ 617m at the current exchange rate. São Paulo will also be able to reacquire the shares they sell ten years after they are sold.
It’s clearly a complicated agreement and will have many more facets to it than this, but all indications are that Marinakis has big plans and no qualms about spending big to achieve them too.
