Santos secure advance on Souza sale and renew cash-flow support | OneFootball

Santos have secured an advance on the fee from Souza’s move to Tottenham via a foreign bank, with the money landing immediately and in full to cover day-to-day obligations at 3% interest, a rate viewed internally as favourable. According to Globo.com, the structure mirrors the one used when Marcos Leonardo joined Benfica in 2024.

Of nearly R$ 95 million paid by the English club, Santos are entitled to 87.5%, so more than R$ 82 million will be directed to maintaining the squad and handling urgent costs.

Tottenham’s strong market reputation allowed Santos to execute the operation outside Brazil and secure a much lower rate than domestic terms. Such revenue advances are seen as among the few viable ways for the club to operate in the black at present.

The club have also renewed their agreement with Exa Capital, which has been organising cash flow and advising financial decisions as part of a restructuring during a crisis. Day to day, the firm is represented by Alexandre Cobra, formerly Cruzeiro’s secretary-general, alongside two staff.

Cobra does not hold veto power, but he is Marcelo Teixeira’s principal adviser on club finances. The contract has been extended for a further six months.

Cobra worked throughout last year alongside Teixeira on managing Santos’ finances.

Source: Globo.com