Corinthians president: I won’t leave a poisoned legacy over SAFiel | OneFootball

The president of Corinthians, Osmar Stabile, commented on the leniency shown by the club's compliance department towards SAFiel, a project aimed at transforming the club into an SAF, implementing a more professional administration with fan participation.

“We received the project, took it to Compliance, Corinthians has a Compliance that works, in this administration it works, I don't know if it worked in other administrations or not, but in this administration it works and we will not leave any cursed legacy for the future,” said Stabile.

The project aims to raise up to 2.5 billion in the market to invest in reinforcements and infrastructure, as well as debt payments. According to the latest financial statement released, Corinthians has debts totaling R$ 2.7 billion.

“If there is any issue, as there was from compliance, Corinthians will wait, the board will wait to see if they resolve the issues, and then we will discuss the technical part, the marketing part, all that part we will discuss later,” continued the Corinthians executive.

One of the points raised by the alvinegro compliance is the fact that the company Invasão Fiel S.A was recently established, with a low share capital of only R$ 3,000, despite promising to raise R$ 2.5 billion to settle Timão's debts and invest in football.

Additionally, Corinthians' compliance found that Maurício Chamati, one of the SAFiel's creators, was involved in a fraud case in court, which was archived, but mentioned in the investigation. Also weighing against the businessman, who is the co-founder of Mercado Bitcoin, is his relationship with the club's former management, led by the ousted president Augusto Melo.

“It has to go through Compliance first, Corinthians does not sign the contract for anyone, I am not talking about SAFiel or any other company, if there is any issue,” concluded Osmar Stabile.

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