Corinthians eye player sales to clear transfer bans amid financial crisis | OneFootball

According to Globo.com, Corinthians see player sales as the likeliest route to paying R$ 21.5 million to lift three transfer bans.

The finance department does not have the cash to clear the liabilities while meeting other obligations, and the club has made settling June image rights a priority. Those payments have been overdue since 20 July and there is no deadline to resolve them.

Recent financial statements under Osmar Stabile projected 25 million euros, around R$ 146.8 million, from player sales in the window that opened on 20 July and runs until 11 September. Even so, there are no active talks to sell players. Midfielder André, 20, is seen as a likely sale if a proposal arrives.

Corinthians have been unable to register signings since 21 May, when the first ban took effect. A second followed on 17 July, then a third four days later, with the total due around R$ 21.5 million, a figure that fluctuates with interest and exchange rates.

They initially faced four bans, but one was lifted after paying a FIFA disciplinary fine of US$ 225,000, about R$ 1.15 million, for failing to meet obligations in three deals. An advanced move for forward Wesley stalled because of the registration ban with the CBF, and he signed for Cruzeiro.

The club is in a severe financial crisis, posting a R$ 168 million deficit across the first four months of the year. Figures for the subsequent months have not yet been released.

Source: Globo.com

“Artificial intelligence was used to assist in creating this article based on reporting from the original source quoted.”