Contract Clauses Could Void Sale of Chilean Soccer Club Azul Azul

A contract reportedly contains clauses that could invalidate the sale of Chilean soccer club Azul Azul to Michael Clark. The agreement, incorporated into the "Caso Sartor" investigation, indicates that the sale of 90% of Tactical Sport, which controls a majority stake in Azul Azul, remains unpaid and includes conditions for annulling the operation.

According to La Tercera, Antumalal, a company linked to Clark, agreed in December 2024 to purchase Tactical Sport's shares. The initial price was set at 5.609 billion pesos, but this was later reduced to approximately 2.457 billion pesos after a committed capital increase by Sartor was not fulfilled. The payment was structured in three annual installments, with the first installment due at the end of 2025 reportedly not being paid.

The contract further stipulates that the sale can be resolved if the shares of Tactical Sport or Azul Azul are embargoed. Additionally, it allows for annulment if Sartor files for or is declared in liquidation. Both of these conditions have reportedly been met, as Azul Azul's shares are currently embargoed, and Sartor is undergoing a liquidation process managed by Eduardo Godoy Hales.