Palmeiras cut ties with Fictor, exploring ways to recover owed funds | OneFootball

Palmeiras announced this Monday the termination of the contract with Grupo Fictor, one of the club's main sponsors. According to the statement released by the Alviverde, the decision is due to "contractual default," and means are being evaluated to receive the amounts owed by the company.

"Sociedade Esportiva Palmeiras announces the termination of the sponsorship contract with Fictor, due to contractual default and the judicial recovery request made by the group, as provided in the agreement signed between the parties in March 2025. The club is considering the appropriate legal measures to receive the amounts owed by Fictor," it published.

In recent days, the company, which operates in the food, financial services, and infrastructure sectors, filed for recovery in the São Paulo Court of Justice, with a debt of around R$ 4 billion. Additionally, it also requested urgent relief to suspend debt collection for a period of 180 days.

Agreement with Verdão

Grupo Fictor signed with Palmeiras in March 2025. Besides being the main sponsor of the under-20 team, the brand is also displayed on the back of the men's and women's professional teams' jerseys.

The initial contract was for three years, with the possibility of extension to four, with an investment of R$ 30 million. The project also involves the naming rights of an under-17 tournament organized by Verdão, which was renamed Copa Fictor.

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