Flamengo’s Libra rep on R$77m court freeze controversy | OneFootball

Revenue Sharing of Libra’s Broadcasting Rights Sparks Conflict Between Flamengo and Other Clubs in the Bloc

Marcelo Campos Pinto, representative of Flamengo in Libra, explained the club’s actions that resulted in the injunction to block R$ 77 million. The amount is related to the sharing of broadcasting rights (open TV, cable, and pay-per-view) and has sparked conflict between Flamengo and the other clubs in the commercial bloc.

— What Libra did was to start developing scenarios based on subjective principles, and at the first meeting I attended, they presented me with five scenarios they had constructed. So I asked: ‘You say the rule is applicable, but you show me that you calculated five scenarios to complement that rule in order to divide the money. So that means the rule is incomplete and needs to be supplemented’ — he began.

— And here comes my legal side. The Libra Statute provides for the right of veto in certain situations. Any club can veto a decision in specific cases. And this veto is very clear, very explicit when it states: ‘To change annex 1, which is the revenue sharing formula, unanimity among the clubs is required.’ So, that’s our point (There was no unanimity) — he concluded, during his participation on Mengocast, on Flamengo’s YouTube channel.

The blocking of the second installment related to the audience for cable TV, open TV, and pay-per-view, which represents 30% of Libra’s fixed income, has put Flamengo at odds with the other teams in the league. The dispute centers on the adopted revenue-sharing model.

WHAT MOTIVATED FLAMENGO’S DECISION?

The club questions the validity of the scenarios presented by Libra and argues that the revenue-sharing rule needs to be supplemented. However, the veto provided for in the statute, which requires unanimity for changes, was not respected.

IS FLAMENGO’S DISSATISFACTION RECENT?

Since the beginning of the year, the president of Flamengo, Bap, has expressed opposition to this payment. Without an agreement, the red-and-black club filed a lawsuit in the Rio de Janeiro Court of Justice. Shortly thereafter, they obtained an injunction to prevent their rivals from accessing the money.

The controversy arises at a decisive moment for the distribution of broadcasting rights for Série A of the Brasileirão, whose current contract runs from 2025 to 2029. The disagreement may influence the league’s future.

WHICH TEAMS MAKE UP LIBRA?

The teams that make up Libra are: Atlético-MG, Bahia, Flamengo, Grêmio, Palmeiras, Red Bull Bragantino, São Paulo, Santos, Vitória; Paysandu, Remo; ABC, Guarani; Sampaio Corrêa.

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