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

San Lorenzo is in danger of bankruptcy because the court notified them this Tuesday morning that they have five days to settle the debt they owe to the Swiss fund AIS Investment Fund, which is around 4.7 million dollars. The news comes amid the institutional crisis they are facing, after Marcelo Moretti appeared 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 gather is due to a loan they received for the transfer rights of forward Adolfo Gaich to CSKA Moscow in Russia in July 2020.

At that time, the buying club had sent documents, and the Cyclone, then presided over by Marcelo Tinelli, took out a loan and received a credit. 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 amounts to the current figure. Now they have five days to raise that money.

According to TyC Sports, the only way out for the Argentine institution is to raise the money and settle the debt, as there is no other instance where they can appeal.

It should be noted 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 could not reach an understanding, and the court made this decision that endangers the future of the institution.

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