Debt unpaid! Club seeks to freeze Corinthians revenue | OneFootball

Cuiabá issued a statement this Tuesday, September 1, requesting that the transfer ban be maintained, that a fine be imposed, and that revenues and/or prize money Corinthians may receive be blocked and redirected.

These requests were made after Timão failed to meet the deadline to pay the overdue installment at the CNRD, the CBF’s National Chamber for Dispute Resolution. 

Corinthians’ debt to Dourado amounts to R$ 18 million. It is mainly related to the signing of midfielder Raniele in January 2024.

"Corinthians undertook a specific procedural commitment, with a set date, after having already failed to comply with the approved schedule. Even so, it once again did not pay. The sequence of events reveals conduct incompatible with the exceptional trust that underpins a collective plan: default on the original obligation, a unilateral request for postponement, a promise of payment before this Chamber, and finally, breach of that very promise," Cuiabá said in the document submitted to the CNRD.

The Mato Grosso club is also barred from registering new signings due to a transfer ban. It had already spoken out, mentioning the roughly R$ 42 million it is owed by Corinthians and other Série A clubs. 

Corinthians had expected to resolve the issue by August 31. That was something the club itself had promised the CBF in June. 

According to ge, Timão said that "it still does not have the financial resources to pay the installments under the payment plan and has no deadline for resolving the issue."

The board had been counting on player sales to ease the financial situation, which has not happened yet. 

The deficit in the first half of this year was R$ 246 million — 78% more than the expected R$ 138.028 million. The club’s total debt now stands at R$ 2.8 billion. 

Photo: Reproduction/Corinthians 

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