Corinthians pay overdue 13th salary to Parque São Jorge staff | OneFootball

The Corinthians confirmed on Wednesday the payment of the first installment of the 13th salary to the employees of Parque São Jorge. The amount had been pending since last week.

As revealed by Gazeta Esportiva last Tuesday, the club was supposed to have made the payment last Friday, but did not do so. In contact with the report, Corinthians admitted the pending issue and informed that they were already working to resolve it, which was settled on Wednesday.

Financial Crisis

Corinthians is going through a serious financial crisis. The club has been struggling to pay creditors and is overwhelmed by a gross debt that already exceeds R$ 2.7 billion.

The board, led by Osmar Stabile, has been seeking ways to find relief. One of the alternatives is to reduce costs across all departments of the club. Additionally, the board is considering taking a loan of R$ 100 million with LFU (Liga Forte União).

Just last Tuesday, Corinthians announced the strategic adoption of SAP Concur, a global leader in expense management solutions. The measure aims to modernize internal processes and improve the club's financial management.

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