Portuguese football club Marítimo announced it will only finalize a deal to sell a stake in its capital after ensuring all legal, financial, and ethical safeguards, following reports of a judicial investigation into its Brazilian investor, Revee.
In a statement, the club confirmed the sale of a share in Marítimo da Madeira – Futebol, SAD, remains in a due diligence phase. This means the transaction is not yet complete. Such procedures are standard for validating the legal, financial, and structural conditions of similar deals.
The club emphasized that the process must undergo analysis by the Bank of Portugal, which verifies the origin of funds. It also requires scrutiny from the Portuguese Institute of Sport and Youth (IPDJ), responsible for ensuring the business’s suitability.
The club’s announcement follows a report in the Portuguese newspaper Correio da Manhã on Sunday, October 19, 2025, detailing a judicial investigation into Revee. An earlier related report was published on September 19, 2025.
Marítimo underscored its commitment to total legality and transparency in this and all its business dealings. The club’s board asserted it makes no decisions without securing comprehensive legal, financial, and ethical protections.
The club’s members approved the decision to proceed with the sale process in a General Assembly. Finalization of the deal will only occur after all criteria are rigorously met and the negotiated funds are effectively transferred to Marítimo.
The board affirmed that the entire process is being conducted with the utmost rigor. This is to protect the institution’s present and future. Marítimo also stated it would provide any information requested by regulatory, supervisory, or judicial entities at any time.