$60m a month: the huge figure that pushed Colón out of pro basketball

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·1 de junio de 2026

$60m a month: the huge figure that pushed Colón out of pro basketball

The Board of Directors of the Santa Fe club formally announced its decision not to take part in the 2026/2027 season of the tournament organized by the Club Association (AdC). The measure seeks to preserve the institution’s financial balance in the face of a budget that has become unaffordable.

COMUNICADO OFICIAL La Comisión Directiva del Club Atlético Colón informa a sus asociados, simpatizantes y a la opinión pública que, luego de realizar un análisis integral de la situación económica y financiera de la institución, resolvió no participar en la próxima edición de
– lunes, 1 de junio de 2026

Reasons for the withdrawal

Monthly cost: Keeping the professional spot required an estimated expense of 60 million pesos per month.
Institutional priorities: The leadership made it clear that paying that amount would put essential resources for the club’s overall operation at risk.
Failed efforts: Sponsors and external funding were sought for weeks, but the necessary financial guarantees were not secured.

Next steps and the leadership’s position

The club has already formally notified the AdC authorities of its withdrawal. The directors are currently working to resolve the regulatory procedures and existing contracts resulting from this cancellation.

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Through the statement, the Board of Directors emphasized that the decision is part of a policy of “responsible management and sustainability”, prioritizing order and the protection of Club Atlético Colón’s assets above sporting competition in this discipline.

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