Corinthians explain RCE revenue gap and why the judge had not reviewed | OneFootball

São Paulo judge Guilherme Cavalcanti Lamêgo ordered Corinthians to explain a revenue discrepancy in its RCE case, warning an observer or judicial intervenor could be appointed if issues persist. The club says it had already filed its explanation before the order.

According to Meu Timao, Wednesday’s ruling considered petitions only up to Monday. It missed Tuesday filings, including Corinthians’ reply to Laspro, the court-appointed administrator, and submissions from Nelson Willians and Prime Fisio.

On Thursday the club filed again, acknowledging the demand and pointing to the pages containing its clarifications. It also noted a meeting with Laspro to expand its stance, on 20 March.

The dispute concerns February. Corinthians told the court that eligible revenue for its first RCE instalment was R$ 64.2 million, but data showed R$ 213.4 million, a difference of R$ 149.2 million.

The gap reflects sums the club classed as non-operational, namely financial operations of R$ 76.9 million, transfers of R$ 65.5 million and player trading of R$ 6.8 million.

The club argues advances, loans and unblocked funds are not operational, and that transfers are movements between its own accounts with no net inflow. Proceeds from sales, solidarity or settlements are non-recurring, so should fund reverse auctions, not the instalment base.

The judge will now review the response and could first seek Laspro’s view. Despite creditor pleas to suspend the regime, the court has kept the RCE for now and invited further comments from creditors, Laspro and the Public Prosecutor’s Office.

Source: Meu Timao