Soccer investors target Brazilian clubs after local law change

Investment firms 777 Partners and DaGrosa Capital Partners are each in talks to buy historic Brazilian soccer clubs, according to people familiar with the matter, following the passing of a law that encourages foreign investment.

Vasco players lament defeat at the end of the match against Gremio at Arena do Gremio stadium for the Brazilian championship A 2020. Foto: Fernando Alves/AP/Ritzau Scanpix

Miami-based 777 is in talks to acquire Vasco da Gama, a team from Rio de Janeiro, said the people, who asked not to be identified discussing a private matter. The club has one of the largest fan bases in Brazil but also, like many teams, sizable debt. 777 already owns Genoa in Italy's Serie A and a minority stake in Sevilla in Spain.

DaGrosa, located in Coral Gables, Florida, is in talks with America Mineiro, one of the most successful teams from the state of Minas Gerais, the people said. America Mineiro has a reputation for unearthing talented young players, some of whom, including Richarlison de Andrade, have reached the U.K.'s Premier League...

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