San Lorenzo given 5 days by court to pay huge debt or face bankruptcy | OneFootball

San Lorenzo is in danger of bankruptcy because the courts notified the club on Tuesday morning that it has five days to settle the debt it owes to the Swiss fund AIS Investment Fund, which amounts to around 4.7 million dollars. The news comes amid the institutional crisis the club is experiencing, after Marcelo Moretti showed up at the headquarters on Monday and had to flee in a police car due to a protest by members demanding his resignation.

The money the institution needs to raise is due to a loan it received for the assignment of rights from the transfer of striker Adolfo Gaich to CSKA Moscow in Russia in July 2020.

At that time, the buying club had sent documents and El Ciclón, then presided over by Marcelo Tinelli, took out a loan and received the funds. However, the Russian team did not want to pay the fund that provided the money and instead paid the club from Boedo, which never returned the money to the AIS Investment Fund.

Weeks ago, the Swiss entity had requested the bankruptcy of the institution and last year San Lorenzo was ordered to pay 3,938,419.31 dollars plus interest, which brings the total to the current amount. Now it will have five days to raise that money.

According to TyC Sports, the only option the Argentine institution has is to raise the money and settle the debt, as there is no other instance in which it can appeal.

It is worth noting that the club’s lawyers have been working on this case for a year because the Swiss fund’s claim is not new, but after several attempts, they were unable to reach an agreement and the courts made this decision that puts the future of the institution at risk.

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