Corinthians formalized a plan to pay part of their debt, which goes from $ 2 billion. The club wants to pay $ 367 million, which encompasses debts with entrepreneurs, suppliers and players, in up to ten years. The idea is to use up to 4% of your recurring monthly revenues to make payments.
The proposal was sent to the São Paulo Court, which takes care of the process of Centralized Regime of Executions), sought by the club to balance its accounts.
The debt will be corrected by inflation according to the Broad National Consumer Price Index (IPCA). The goal of the club is to pay 60% of the value in up to six years.
The proposal of the São Jorge Parque team still needs to be approved by the court.
“Today our creditors know how they will receive and when they will receive, this was our goal,” said Corinthians president Augusto Melo. “All our planning was made for the best way for Corinthians to be able to pay off their debt and stay sustainable,” explained the leader, who still lives tense days in São Jorge Park amid an impeachment process.
The amount presented now does not include tax debts or the financing of Neo Chemistry Arena, as the club seeks a negotiation about this last debt directly with Caixa Econômica Federal.
In the document sent to court, the club’s debt is described as follows: R $ 817 million tax debt, R $ 677 million from stadium financing and R $ 926 million in labor and civil debts, of which R $ 367 million are listed on RCE.
