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Thursday briefing: Flamengo propose sale of Gavea site to help finance new stadium plans

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18 April 2024 - 4:30 AM

Brazilian club Flamengo have proposed using the sale of their site in the Gavea neighbourhood of Rio de Janeiro, where the club is based, as security to raise more than $100 million as they look to advance their plans to move to a new stadium.

As reported by Brazilian news outlet UOL, the club’s president Rodolfo Landim has approached the Rio mayor Eduardo Paes with the proposal.

Flamengo estimates the Gavea site which holds significant historical importance for

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