Botafogo de Futebol e Regatas rejected a $25 million investment proposed by John Textor, owner of the club's SAF. The operation would depend on complex corporate structures and generate excessive debt. The club's associative indicated that it will not accept the investment, prioritizing operational stability and compliance with SAF obligations. Amid internal disputes, the club is seeking financial alternatives and is in talks with potential investors. John Textor had convened an Extraordinary General Assembly to discuss the need for capitalization. However, the associative understands that the operation would involve resources from external investors, which raises doubts about the real nature and guarantees involved in the deal. Botafogo de Futebol e Regatas has had the support of financial and legal advisors specialized in the area of SAFs to understand which are the best paths to be followed. Banco BTG, for example, has been used to understand the viability of John Textor's financial movements. The club is seeking operational stability and is in talks with potential investors to guarantee the future of Botafogo de Futebol e Regatas. The continuity and strengthening of SAF Botafogo may occur through different paths, either through the maintenance and reorganization of the current structure or through new compositions that may prove more suitable for the moment. The club's associative is working to find the best solution for the club. Botafogo de Futebol e Regatas is going through a severe financial crisis, and the associative is seeking alternatives to guarantee the club's stability. The rejection of John Textor's investment is an important step for the club, which is seeking to find a solution that meets its interests. The future of Botafogo de Futebol e Regatas is uncertain, but the associative is working to find the best solution. The club is looking for a way to overcome its financial difficulties and ensure its stability. The associative is exploring different options and is in talks with potential investors to find the best solution for the club.