Private-equity firm Treecorp in São Paulo is about to become the latest investor to back a Brazilian top-league soccer club, betting that a new law and greater investment, including from U.S. firms, will make teams in the country more professional—and more profitable.
Treecorp would own a 90% stake in Coritiba Foot Ball Club, based in Paraná state’s city of Curitiba, once the deal closes. Valued at 1.3 billion reais, or about $267.4 million, the transaction follows several similar investments that came after the 2021 passage of a federal law that lets soccer clubs convert into businesses from nonprofit groups. The Coritiba deal awaits only a judge’s ratification to close.
As part of the transaction, Treecorp has pledged to invest 550 million reais in the team and to cover 250 million reais of Coritiba debt during the next 10 years, said Bruno D’Ancona, a Treecorp managing…
