Palmeiras got R$24.6m from Fictor before exit, debt in recovery | OneFootball

Palmeiras received a net amount of R$ 24,666,666.59 from Fictor during the period in which the group sponsored the club. The amount represents the sum effectively paid to Sociedade Esportiva Palmeiras until the termination of the agreement.

The partnership began in March 2025. The contract initially provided for a fixed amount of R$ 25 million plus R$ 5 million in bonuses per season, with a term of three years and the possibility of an extension for one more season.

The agreement, however, ended earlier than expected. On February 2, 2026, Palmeiras officially announced the termination due to breach of contract and the judicial reorganization filing made by Grupo Fictor. At the time, the club said it was considering legal measures to recover the amounts owed.

How much does Fictor still owe Palmeiras?

The judicial reorganization process lists Palmeiras among Fictor’s creditors. The list submitted at the start of the proceedings indicated a claim of approximately R$ 2.6 million related to the month of January 2026.

The difference therefore represents the portion of the contract that had not been paid and that came to be discussed within the judicial reorganization proceedings.

Fictor’s judicial reorganization

Grupo Fictor filed for judicial reorganization in February 2026, declaring approximately R$ 4.2 billion in debts. The filing involves Fictor Holding and Fictor Invest.

In April, the São Paulo courts approved the processing of the judicial reorganization. From that point on, the company began following the procedure set out in Law 11,101/2005 to reorganize its debts.

One of the central points is the Judicial Reorganization Plan. Under the law, the plan must present the means that will be used to recover the company, demonstrate its economic viability, and provide information about its assets and financial situation.

Creditors may file objections to the plan and, depending on the case, take part in the General Meeting of Creditors. If the plan is approved under the conditions established by law and later ratified by the courts, it then sets the conditions for payment of the claims subject to the reorganization.

In Fictor’s case, the group itself states that the plan was submitted in June 2026 and that the General Meeting of Creditors is scheduled for October.

Palmeiras will have to follow Fictor’s plan

With the claim subject to judicial reorganization, Palmeiras now depends on the progress of the proceedings to learn the conditions and schedule for any eventual payment of the recognized amount.

This does not necessarily mean that the club has lost its right to the claim. It means that payment follows the rules of the proceedings and, later, the conditions established in the judicial reorganization plan that may be approved and ratified.

Fictor itself explains that payments to creditors follow the conditions and deadlines set out in the plan after judicial ratification.

The process therefore turns an individual collection claim into a collective negotiation involving the company’s various creditors.

Why did the partnership end?

Palmeiras announced the termination on February 2, 2026, in the same context in which Fictor filed for judicial reorganization.

In the statement released by the club, Sociedade Esportiva Palmeiras cited breach of contract and the judicial reorganization filing as reasons for ending the partnership, and also said it was considering the appropriate legal measures to seek the amounts owed.

Sociedade Esportiva Palmeiras announces the termination of the sponsorship agreement with Fictor, due to breach of contract and the judicial reorganization filing made by the group, as provided for in the agreement entered into by the parties in March 2025. The club is considering the appropriate legal measures to recover the amounts owed by Fictor.

Fictor’s crisis gained public attention after the attempted acquisition of Banco Master, announced in November 2025. Subsequently, the Central Bank ordered the bank’s extrajudicial liquidation. When filing for judicial reorganization, Fictor stated that the repercussions of the episode contributed to a mismatch in its operational cash flows.

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