Real estate group acquires Bessa stadium and complex for 33 million

O real estate group Confrasilvas acquired the Bessa stadium and complex in Porto for EUR 33 million (ME), in the context of Boavista's insolvency, today he told Lusa source agency linked to the process.

Almost two and a half months after the presentation of the proposal on the two real estate assets, the sale of which was approved by the creditors of the club ‘axadrezado’ in October, the group based in Lisbon and led by Jorge Silva Maurício signed the deed, in a process mediated by Leilosoc.

The stadium and complex had already been electronically on sale on the official website of the auctioneer on the Internet in the first half of the year and could be sold individually or not, but the complete set never had offers that corresponded to the minimum bid amount of 32.9 ME, with the best bid recorded in that period being 25.7 ME.

Later, in September, the Confrasilvas group slightly supplanted the 32.9 ME required and received the approval of Boavista’s creditors to carry out the purchase, with a view to the recovery of the emblem ‘axadrezado’.

Reinaugurated in 2003 and not used for more than a year by the authorities, Estadio do Bessa was one of the 10 venues involved in the organization of Euro2004 in Portugal and has almost 78,000 square meters of area, constituting the main real estate asset of the ‘panteras’.

Boavista had its liquidation approved in September 2025, after debts higher than 150 ME, but would be allowed to maintain the activity by fulfilling financial conditions, including the payment of current expenses, a scenario that has already failed and motivated the insolvency administrator, Maria Clarisse Barros, to decree the closure of the club.

Last month, most creditors rejected the recovery plan presented by the Board of Boavista, which, at the time, announced intending to continue these negotiations to submit a new viable document.

The court suspended for 30 days the closure of Boavista's activity, scheduled for 31 October, following a request from the club and creditors, conditioning the authorization to pay the expenses, under the penalty of Maria Clarisse Barros to close the ‘panteras’ immediately.

In addition to the award of the stadium and Bessa complex to Frozenpark, the largest creditor of Boavista and a real estate company in the Confrasilvas group, the applicants invoked “reasons of public interest” and the need to maintain the activity of the emblem ‘axadrezado’, founded in 1903 and holder of nine national trophies in male senior football, just behind Benfica, FC Porto and Sporting.

The club held 10% of the capital of Boavista SAD, whose liquidation was ratified in September, and the company no longer had a professional team and was administratively relegated to the district echelons in 2025, due to financial problems, after the demotion of the I League.

Boavista became one of the five champions in the history of Portuguese football in 2000/01 and ended a passage of 11 seasons followed by the main echelon in May last year, going down the sports route to the II Liga, then failing licensing in national competitions.