Corinthians form expert group to seek legal fixes for finances | OneFootball

The Corinthians Deliberative Council has established a Technical Study Group to thoroughly analyze the legal-financial recovery instruments provided for in the SAF Law (Law No. 14,193/2021). This measure was formalized through an official document published on the club's official website last Friday (27th) and aims to support future institutional decisions in light of the club's debt situation.

According to the document, the creation of the group seeks to enhance the club's internal decision-making process through technical analyses based on verifiable data. The legislation in question introduced legal mechanisms originally aimed at business corporations, later extended to professional football, especially in the context of Football Corporations (SAFs). Since Corinthians remains structured as a non-profit civil association, the use of these tools requires a careful evaluation of their legal compatibility and the limits of application within the club's associative model.

Photo: José Manoel Idalgo/Agência Corinthians

Among the main points to be analyzed by the group is the possibility of using instruments such as judicial recovery and extrajudicial recovery by sports associations, as provided in the SAF Law. The goal is to understand in detail the legal, patrimonial, and institutional impacts that adopting these measures could generate for Corinthians within the associative model.

The document highlights that the complexity of the topic requires technical rigor to differentiate the legal regime of civil associations from that applied to SAFs. Additionally, the potential adoption of these mechanisms could have significant effects on the club's assets, institutional autonomy, and financial sustainability, factors that should be evaluated before any decision.

Participation of Specialists

To conduct the studies, the Deliberative Council invited specialists in areas such as sports law, business law, tax law, and corporate governance. The group will consist of six members:

Andrei Kampff, lawyer and Master in Law, specializing in sports law; Diego Faria Guilherme, specialist in tax law; Eduardo Dias, CEO of the football business consultancy Footure; Fábio Prudente, lawyer specialized in private and sports law, Corinthians associate and member of the Coletivo Voz Corinthiana; Pablo Arruda, specialist in corporate law and succession planning; Robson Ramos Luis Bujato, lawyer and triennial advisor of the club.

The presence of specialists from different areas aims to ensure a comprehensive analysis of the legal, fiscal, and institutional impacts related to each alternative under study. The group will have the autonomy to organize its work schedule and may invite representatives of (SAF) projects to participate in discussions and present proposals.

In this context, the SAFiel project informed, through an official note published yesterday, that it met with the president of the Deliberative Council, Romeu Tuma Júnior, at Parque São Jorge, to formalize the invitation for the launch of version 2.0 of the proposal. During the meeting, the representatives stated they were aware of the creation of the technical group tasked with evaluating legal-financial recovery models and possible paths for a potential business transformation of the club.

Tax Reform, Fiscal Benefits, and Experiences of Other Clubs

The technical group will work with an agenda divided into four major fronts. The first involves analyzing the handling of Corinthians' financial liabilities within the associative model, studying the application of the instruments provided in the SAF Law, especially regarding the distinction between associative clubs and football business corporations.

The second axis addresses the possible fiscal benefits resulting from the use of these mechanisms. The study will also include the effects of the tax reform under discussion in the country, as well as the analysis of legislative proposals related to the topic and potential impacts on associative clubs and SAFs.

Another point on the agenda is gathering experiences from other Brazilian clubs that have already used the legislation's instruments for financial reorganization. The aim is to evaluate practical results, identify best practices, and map risks observed in these processes.

At the end of the work, the group should systematize the technical conclusions and present comparative scenarios capable of guiding future decisions of the club with greater technical security.

Deadline for Completion

The technical group will have an initial period of 60 days to carry out its activities, starting from its establishment. Meetings may be held in person or virtually, as decided by the members themselves.

According to the document signed by Tuma, the ultimate goal of the work is to produce a report with technical conclusions, possible scenarios, risks, and opportunities related to the use of the legal tools provided in the SAF Law.

The expectation is that the material will serve as a basis for potential deliberations by the competent bodies of Corinthians and allow decisions on addressing the club's financial liabilities to be made based on technical criteria, multidisciplinary analysis, and principles of institutional governance.

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