Debt deal: São Paulo agree with agent to finally end R$76m debt | OneFootball

São Paulo’s board has reached an agreement to settle the remaining R$16 million of a long-standing debt with businessman Giuliano Bertolucci, one of the most influential agents in world football.

The amount represents the final installment of a negotiated total debt that, at present corrected value, had reached R$76 million, according to UOL this Friday (21).

The financial liabilities were consolidated in August 2022, under the administration of then-president Julio Casares, through a debt acknowledgment instrument ratified by the Brazilian Football Confederation’s National Chamber for Dispute Resolution (CNRD). The deal prevented the club from facing serious sporting sanctions, such as a transfer ban or the loss of points in national competitions.

The accumulated debt included commissions from São Paulo player intermediary deals over recent years, as well as amounts from various negotiations:

Player sales: Outstanding commissions from the transfers of Thiago Mendes (2017), Éder Militão (2018), Helinho (2018), and Antony (2020).

Domestic transactions: Amounts related to the deals involving midfielder Vitor Bueno and center-back Morato, in addition to older debts that were not detailed.

Between July 2023 and January 2026, Tricolor paid out R$46 million in variable installments. Due to its cash flow and revenue peaks — driven by player sales recorded in the 2024 financial statements, such as William Gomes to Porto (R$61.4 million) and Diego Costa to Krasnodar (R$44 million) — the club made significant contributions, notably R$10 million in October and R$11 million in November 2024. With date adjustments and monetary correction, the amount paid reduced R$60 million from the total present value.

Even during the debt amortization period, the business relationship between São Paulo and the businessman remained active. Bertolucci took part in recent deals at Morumbi, such as the return of midfielder Oscar, the arrival of full-back Cédric Soares, and the sale of youngster Lucas Ferreira to Shakhtar Donetsk of Ukraine. The specific terms and payment schedule for the remaining R$16 million balance remain confidential.

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