Galo cite financial woes, seek release of Libra funds | OneFootball

Atlético faces a new chapter in its financial situation. According to an investigation by journalist Rodrigo Mattos from UOL, the club has delayed two installments of the tax debt refinancing programs, with amounts exceeding R$ 9 million. The information came to light after a petition from the club in the Rio de Janeiro court, in which Galo is trying to release funds from the television contract with the Libra clubs.

According to the document, Atlético claims to have about R$ 9 million to receive from the agreement made by the league, and requests the release of this amount as a way to ease its cash flow. In the request, the club from Minas Gerais acknowledges financial difficulties and presents the situation as justification for the request.

Rodrigo Mattos’ report explains that the overdue amounts refer to installments of debts with the federal government. Failure to pay within the deadline could even result in the cancellation of the benefit.

Club’s position

When contacted by UOL, Atlético’s press office stated that the club “has never failed to meet its commitments” and that, “even with difficulties, it fulfills all of them”.

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