Corinthians miss deadline on R$190m debts, seek 180-day extension

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Central do Timão

·12 November 2025

Corinthians miss deadline on R$190m debts, seek 180-day extension

By Henrique Pereira / Central do Timão Editorial Team

Corinthians let the 180-day deadline set by the court expire to complete the necessary steps for the adjustment and execution of its creditor payment plan under the Centralization of Executions Regime (RCE), according to information from ESPN.

The deadline ended last week, and the club was unable to fulfill what had been established, which sparked a strong reaction among creditors — who are awaiting the receipt of approximately R$ 200 million.

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Photo: Corinthians/Disclosure

According to the previous court decision, Corinthians had six months to “take all indispensable measures for the approval of the plan and the start of payments, under penalty of resumption of individual executions.”

Businessman André Cury, one of the main creditors, was the first to speak out about the missed deadline. He requested the court to, “as a matter of utmost urgency, take the appropriate measures, especially regarding pending releases and the analysis of objections to the payment plan,” also asking for the immediate reactivation of individual actions due to the losses caused by the delay.

If the court denies the extension request, dozens of creditors could reopen individual lawsuits against the club, which would result in a series of successive seizures from Corinthians' accounts.

In response, the club acknowledged the seriousness of the situation in a petition sent to the court. The legal department argued that the resumption of actions could compromise the effectiveness of the RCE, creating a chaotic scenario of a “race” for the club's assets.

“Creditors could seek to satisfy their claims on different fronts, which would lead to a disorderly liquidation of assets. In a real race, the most aggressive would quickly seize the main assets, frustrating the other creditors,” Corinthians argued.

In light of this, the club requested an extension of the deadline for another 180 days, stating that the measure is essential to maintain the functionality of the regime and citing similar judicial precedents.

Corinthians also highlighted that the process is “complex” and that it has been working to reach a consensus among creditors. According to the club, only four names have resisted the agreement: André Cury, Carlos Leite, Walter Caetano, and former sponsor Pixbet. To resolve the impasse, the club requested the creation of a specific mediation table with these dissenters, in order to avoid losses to the others.

The board reiterated that the RCE was established precisely to ensure judicial support and enable the financial restructuring of the institution, classifying the regime as “of public interest and recognized success,” for reconciling the preservation of a centenary club with the organized payment of debts.

In contact with ESPN, Corinthians reported that it already had a meeting with court representatives last week, during which it formally submitted the request for an extension. So far, the club is awaiting a court decision.

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