Pedro Daniel on Atlético finances, R$530m: “We’ve a clear plan” | OneFootball

Atlético CEO Pedro Daniel spoke in the first episode of the series “Inside Galo,” produced by the club’s communications department, about the club’s financial situation and the paths mapped out by the board to seek balanced accounts without giving up sporting competitiveness.

During the interview, the executive acknowledged the delicate moment the club is going through and explained that the search for structural solutions has become one of the management’s main priorities.

“Atlético is going through a complex financial situation. We discussed internally what the alternatives were, how we could make the club sustainable, healthy, and competitive at the same time. The main front we addressed was bank debt and, in talks with the shareholders, we saw the need to change the entire capital structure of the club,” he said.

Pedro Daniel also highlighted the recent capital injection approved by the Deliberative Council of Atlético’s association, which guaranteed the injection of just over R$ 530 million into the SAF. According to him, the funds will be used primarily to reduce the weight of bank debt on the club’s budget.

The measure is part of a strategy to ease Atlético’s cash flow, reducing monthly financial costs and allowing more resources to be directed to football activities and the club’s other operational areas.

In addition to the shareholders’ contribution, the CEO stressed that Atlético’s financial recovery also depends on other initiatives being carried out by the management, including negotiations related to the creditors’ plan at the National Chamber for Dispute Resolution (CNRD) and tax issues with the Office of the Attorney-General of the National Treasury (PGFN).

“We know how complex the club’s current situation is. But today we have a very clearly defined plan, not only regarding the contribution, but also with the creditors’ plan at the CNRD and the tax issue at the PGFN, bearing in mind that the impact we will have on the pitch comes from a more organized club, from a Galo that we want to be a leading force in Brazilian football,” he concluded.

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