Debt unpaid! Club seeks to freeze Corinthians revenue

Debt unpaid! Club seeks to freeze Corinthians revenue Cuiabá issued a statement this Tuesday, September 1, requesting that the transfer ban be maintained, and that fines, asset freezes, and the transfer of revenues and/or prize money that Corinthians may receive be enforced. These requests were made after Timão failed to meet the deadline to pay the overdue installment before the CNRD, the CBF’s National Chamber for Dispute Resolution. Corinthians’ debt to Dourado stands at R$ 18 million. It is mainly related to the signing of defensive midfielder Raniele in January 2024. " Corinthians undertook a specific procedural commitment, with a fixed date, after it had already failed to comply with the approved schedule. Even so, once again, it did not pay. This sequence of events reveals conduct incompatible with the exceptional trust that underpins a collective plan: default on the original obligation, a unilateral request for postponement, a promise of payment before this Chamber, and finally, failure to fulfill that very promise ," Cuiabá said in the document submitted to the CNRD. The Mato Grosso club is also barred from registering new signings due to a transfer ban. It had previously spoken out, mentioning the approximately R$ 42 million it is still owed by Corinthians and other Série A clubs . Corinthians had expected to resolve the issue by August 31. That was something the club itself had promised the CBF in June. According to ge , Timão said that " it still does not have the financial resources to pay the installments under the payment plan and does not have a deadline to resolve the matter ." The deficit in the first half of this year was R$ 246 million. And so far, the black-and-white club’s board has not been able to secure funds through player sales. The club, which is celebrating its 116th anniversary on the 1st, is facing the biggest financial crisis in its history. Photo: Reprodução/Corinthians This article was translated into English by Artificial Intelligence. You can read the original version in 🇧🇷 here.