After legal battle, WTorre and BTG near Palmeiras stadium deal | OneFootball

BTG Pactual Bank is in advanced negotiations with WTorre to take over management of Palmeiras’ stadium through the end of 2044, as NOSSO PALESTRA exclusively reported. The parties are preparing to sign the agreement after ending a legal dispute that had been ongoing since 2024.

End of legal dispute between WTorre and BTG over the purchase of Palmeiras stadium debt

NP obtained, firsthand, a document that is part of the lawsuit filed by WTorre against BTG Pactual Bank and other interested parties regarding the acquisition of the debt of around R$ 650 million taken on by the construction company for the building of Allianz Parque.

Last Tuesday (1), the parties filed a request to suspend the case because “the parties are in advanced talks to reach an agreement to put an end to this litigation”

NP has learned that only bureaucratic steps remain before BTG Bank and WTorre sign the new management contract for Palmeiras’ stadium. The formalization will take place in the coming weeks.

Understand the talks between BTG Bank and WTorre

In 2024, Enforce, the BTG group’s credit management company, purchased the debt WTorre had taken on with Banco do Brasil related to the construction of Allianz Parque, valued at around R$ 650 million. The bank was already considering the possibility of taking over management of Palmeiras’ arena.

Recently, BTG Pactual took part in approving the negotiation for Nubank’s purchase of the stadium’s naming rights.

Understand the talks regarding BTG Pactual Bank’s participation and planning for the operation.

This article was translated into English by Artificial Intelligence. You can read the original version in 🇧🇷 here.