Confrasilvas Group Purchases Boavista FC Bessa Stadium for 33 Million Euros

The Confrasilvas group finalized the purchase of the Bessa Stadium and sports complex on November 12, 2026. Led by Jorge Silva Maurício, the group signed the deed for the transaction to acquire the assets from Boavista Futebol Clube. The final sale price reached 33 million euros, which satisfies the minimum requirement of 32.9 million euros established by the creditors of the club.

Details of the stadium sale

The transaction was mediated by the auctioneer Leilosoc of Frozenspark. This sale follows a period of significant financial restructuring for Boavista Futebol Clube. Creditors of the club had previously approved the 33 million euro proposal in October 2026. This figure represents a notable increase in value compared to previous attempts to liquidate assets. In June 2025, the highest of 12 bids for the assets was only 25.7 million euros.

The Bessa Stadium is a significant facility with an area of nearly 78,000 square meters. The venue was one of 10 stadiums used during the Euro 2004 tournament. The stadium was inaugurated in 2003. While the facility has been a central part of the club's infrastructure, it has remained unused for over a year due to authority restrictions.

Financial status of Boavista FC

The sale of the stadium is a component of an ongoing effort to reduce the liabilities of Boavista Futebol Clube and ensure the continuity of the club. The club is currently undergoing an insolvency process. In September 2025, the liquidation of the club was approved after its debts exceeded 150 million euros. The insolvency administrator, Maria Clarisse Barros, had previously ordered the closure of the club because it failed to meet specific financial conditions.

On October 27, 2026, the Vila Nova de Gaia Commercial Court suspended the planned activity closure of the club for a period of 30 days. This suspension followed a request made by the club and creditors who represent more than half of the recognized credits. The sale of the stadium is intended to help manage the significant debt load facing the organization.

Future asset liquidations

The Confrasilvas group, which operates in various markets across Europe, Africa, and America, has completed this primary acquisition. However, the liquidation process for the club's remaining assets is expected to continue. This includes the sale of other properties such as apartments and garages. These remaining assets are scheduled to be auctioned soon to further address the financial obligations of the club.

Glossary

• Boavista Futebol Clube — Boavista Futebol Clube is a football club that was founded in 1903. It is an organization that traditionally has several sports activities and gives great distinction to football.
• Euro 2004 — Euro 2004 was a UEFA tournament. The venue hosted the opening ceremony and match of the tournament.
• insolvency process — An insolvency process is a procedure that a club may undergo. A bailout can, but does not necessarily, avoid an insolvency process.
• liquidation — Liquidation refers to the process of closing an entity by selling its assets. It is a method used to address financial obligations.