Court approves Sport's judicial recovery plan | OneFootball

On Wednesday, the Justice of Pernambuco approved the Judicial Recovery Plan of Sport, which was approved at the creditors' meeting in December 2024. Among the clubs in the Brazilian Championship Series A, only Cruzeiro had achieved this measure.

The measure represents a decisive step forward in the financial and administrative reorganization process of the club – a commitment made since the current executive presidency took over the management.

The approval provides legal security and validates the set of measures aimed at ensuring the club's sustainability in the medium and long term. Thus, the plan approved by the creditors now has broad and full effectiveness, establishing the conditions for the payment of obligations, grace periods, discount percentages, and the recovery means adopted.

From now on, all the effects of the plan apply to Sport's liabilities, which will be reduced by approximately 80%. In addition to the restructuring of the liabilities, other planned measures include administrative reorganization, efficient asset management, the possibility of forming strategic partnerships, and, in the future, the possibility of establishing a Football Corporation (SAF).

Furthermore, it should be noted that the club has been addressing the fiscal liabilities through federal tax transactions and the installment plan recently adhered to with the Recife City Hall.

“This is a very important moment for the club's restructuring, something that has always been a priority in President Yuri Romão's management. From now on, the effects of the judicial recovery plan come into effect, both for creditors and other involved parties. It includes, in addition to the proposed discounts by creditor class, other recovery means, such as the establishment of the SAF, the possibility of selling commercial and arena rights — including those negotiated through the Liga Forte União,” states the club's legal director, Guilherme Matos.

“It is a robust set of measures that directly impact the club's liabilities, the result of work started at the end of 2022 and formalized in 2023. After all this time of dedication, I consider this result one of the greatest recent milestones in Sport's history, which will serve as a foundation for a complete and even greater restructuring in the future,” adds Guilherme Matos.

The Judicial Recovery Plan

The main objective of the measure is to allow Sport to maintain its sports and social activities in a sustainable and organized manner.

From this milestone, Sport enters a new phase of execution and judicial monitoring, under the supervision of the administrator appointed in the process.

All actions, in fact, will be implemented gradually, transparently, and with continuous monitoring by the internal governance bodies.

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