Corinthians receive consultancy report, say document brings no new facts | OneFootball

Corinthians welcomed, on the afternoon of this Monday, executives from Ernst & Young (EY) for the presentation of the consultancy report, which was hired during the administration of former president Augusto Melo at the beginning of 2024, as soon as he took office.

“Sport Club Corinthians Paulista announces that it received, on the afternoon of this Monday (20), executives from EY for the presentation of the consultancy report hired by the previous administration at the beginning of 2024,” the club stated in an official note.

What does the report say?

According to the club, the document “corroborates the club’s financial situation without presenting any new facts that the current board is not already addressing.” The contracts analyzed are protected by confidentiality and non-disclosure clauses, as is the EY consultancy contract itself.

The work of Ernst & Young

EY was hired to analyze contracts drafted and signed during the terms of former presidents Andrés Sanchez and Duilio Monteiro Alves. The company completed the work and presented the results to Corinthians in May 2024.

However, the club decided not to pay for EY’s service and, consequently, by contractual obligation, did not receive copies of the reports for each contract reviewed, which would have included the consultancy’s opinion. The contracts analyzed were chosen by Augusto Melo’s administration and included the following documents:

The decision by the alvinegra board not to obtain copies of the final reports may have been motivated by the results presented, as EY did not find any relevant problems, irregularities, or personal connections of former directors and their relatives in any of the contracts investigated.

Corinthians and Ernst & Young ended their partnership in September 2024.

Read the statement released by Corinthians

“Sport Club Corinthians Paulista announces that it received, on the afternoon of this Monday (20), executives from EY for the presentation of the consultancy report hired by the previous administration at the beginning of 2024.

This report corroborates the club’s financial situation without presenting any new facts that the current board is not already addressing.

Corinthians emphasizes that the contracts analyzed are protected by confidentiality and non-disclosure clauses, as is the EY consultancy contract itself.”

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