Flamengo leads Libra in drastic move against Globo | OneFootball

Libra wants to recover R$ 100 million in action led by Flamengo

While the Brasileirão is paused for the World Cup, Flamengo and the other Libra clubs intend to renegotiate with Globo. That is because the teams want to address a gap in the agreement that is causing a R$ 100 million loss for the clubs.

Rubro-Negro president Luiz Eduardo Baptista, known as Bap, will lead the negotiations with the broadcaster, since Palmeiras left the group. The talks, however, are not expected to be simple, as the media company has already made it clear that it does not agree with the participants’ interpretation of the deal.

What is the context between Libra and Globo?

The problem began because Libra’s original contract with Globo did not provide for an increase in payment if the number of clubs in the block in Série A grew. With the promotion of Remo, however, the group now has ten teams instead of nine.

As a result, the broadcaster gained 19 more matches to air without spending a single cent more. Since the total amount did not change, the money had to be split among more participants, which should generate a loss of about R$ 10 million for each member, including Flamengo.

The main argument from the Rubro-Negro board is equal treatment with the Liga Forte União (LFU) contract, which has a clause that increases revenue if the number of teams rises. Therefore, the clubs triggered the provision in an attempt to correct the financial loss.

Why did Palmeiras leave Libra?

The Palmeiras president explained that the exit had no relation whatsoever to the friction created behind the scenes with Rubro-Negro. The São Paulo club’s departure had to do with the “waste of time” that Libra demanded.

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