Flamengo plan to stay in Libra, financial block on other clubs remains | OneFootball

What are the details of Flamengo's dispute with Libra?

On Tuesday (07), Flamengo held a meeting of the Deliberative Council to present details involving the division of broadcasting rights with Libra. During the meeting, the red-black president, Bap, confirmed that the club will not leave the group.

In summary, Flamengo does not intend to leave Libra. Thus, the idea of the Most Beloved is to fulfill the entire contract, valid until December 31, 2029.

In the meantime, the red-black management believes that the clubs wanting to push for Fla's exclusion have no legal basis to achieve the expulsion.

“Zero chance of Flamengo leaving Libra. Flamengo will have to coexist with Libra until December 31, 2029, and they will have to coexist with Flamengo until December 31, 2029. Period,” said Bap.

What does Flamengo plan?

It's important to note that Flamengo wants to remain in Libra. However, amidst this, the club also seeks recognition of its greatness compared to other clubs in the 30% Audience share of the Libra-Globo contract.

What are the details of the dispute?

To better understand Flamengo's dispute with Libra, it's important to know that, in the contract with Rede Globo (2025–2029), the values are divided into three parts.

In this context, Flamengo questions the formula used to distribute the audience share (especially in pay-per-view). This is because, in Bap's view, the current model underestimates the “generativity” of the red-black audience.

Furthermore, Flamengo states that Libra's statute requires unanimity to change this criterion and claims that its “veto” was not respected in internal assemblies. Thus, after failing to convince the other clubs, the Red-Black went to court.

What happened after that?

The court issued an injunction requiring Rede Globo to deposit R$ 77 million in escrow, blocking the normal transfer of this amount to Libra until the disputes are resolved. This means that, until the court has a definitive ruling, the amount will be withheld.

What did Libra say?

Libra stated that it repudiates the measure, calling it “unilateral and sudden.” Moreover, it assures that Flamengo's action harms the clubs that depend on such transfers to pay salaries and maintain cash flow.

In fact, several member clubs of Libra have already issued statements disapproving of Flamengo's attitude. This is because rival teams accuse Fla of being “arrogant” and lacking a spirit of cooperation. Finally, these teams seek the exclusion of the Red-Black from the group.

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