Court seeks answers from Corinthians, warns of possible RCE action | OneFootball

The 2nd Bankruptcy and Judicial Recovery Court of the São Paulo Court of Justice issued a new ruling within Corinthians’ Centralized Enforcement Regime (RCE) and ordered the club to provide clarifications regarding discrepancies in the declared revenues. The court also warned that any lack of transparency could lead to the appointment of a judicial observer or even an intervenor to monitor the club’s financial management.

Central do Timão obtained access to the ruling, signed last Wednesday (25) by Judge Guilherme Cavalcanti Lamêgo, which analyzes motions filed by the club, creditors, and the judicial administrator, as well as objections related to the distribution plan for amounts deposited with the court. 

Photo: José Manoel Idalgo/Agência Corinthians

Judge rejects Corinthians’ appeal over reverse auction

Corinthians had filed a motion for clarification against a previous ruling that barred the holding of a reverse auction with amounts already deposited in court. The club alleged a lack of clarity, arguing that the mechanism had been authorized for revenue from player sales and that there would be no reason for different treatment. The judge, however, rejected the appeal and stated that the prohibition stems from the plan itself approved under the RCE.

“The denial of the reverse auction regarding the amounts deposited in the case records did not result from the unlawfulness of the measure, but from the lack of provision in the approved plan. Therefore, the alleged lack of clarity does not exist,” says an excerpt from the ruling.

The ruling also addresses objections raised by creditors, who question inconsistencies in the list used for the distribution, including duplications, the absence of claims recognized by the courts, and discrepancies between the amounts under enforcement and those considered in the plan.

The judicial administrator reported that there are approximately R$ 20.2 million available for distribution, but the distribution plan was challenged by several creditors, who requested the suspension of payments until the list is corrected. The judge ordered that all creditors be notified to submit their positions before any possible approval of the distribution. 

Revenue discrepancy leads judge to demand explanations from the club

One of the most serious points highlighted in the ruling involves the existence of a significant difference between the revenue amounts declared by Corinthians for the calculation of the March installment, a situation that had already been pointed out by judicial administrator Laspro and previously reported by Central do Timão.

According to the administrator, there is a discrepancy of around R$ 149 million in the revenue reported by the club in February 2026, which is why the judge ordered an immediate statement from the board.

“The debtor is hereby notified to comment on the inconsistencies identified in the February 2026 revenue statement.”

Judge warns of possible judicial intervention

In the final part of the ruling, the judge issued the strongest warning since the approval of the RCE and stated that a lack of cooperation or the submission of inconsistent information could lead to the adoption of direct control measures over the club.

“I hereby warn, from this point on, that resistance in providing documents and the submission of inconsistent revenue statements will result in the appointment of a judicial observer or judicial intervenor, in order to ensure the effectiveness and integrity of these proceedings.”

The possibility of judicial intervention within the Centralized Enforcement Regime is considered an extreme measure and occurs when the court understands that there is a risk to compliance with the plan or a lack of transparency in the management of funds intended to pay creditors.

The report contacted the club for comment, but there was no response by the time this article was published. Space remains open for any future statement.

Last Tuesday (24), a group of Corinthians supporters filed a request for judicial intervention precisely before the 2nd Bankruptcy and Judicial Recovery Court of the São Paulo Court of Justice, through a petition linked to the RCE case files.

According to the petitioners, the connection to the same case is justified by the fact that the club is subject to a court-approved payment plan, which, in the group’s view, requires that any request for intervention be analyzed by the same court responsible for overseeing the regime.

In the action, the supporters state that Corinthians is experiencing what they describe as a true “political hijacking,” which, according to them, has prevented the effective participation of members and compromised the club’s internal and external oversight mechanisms. To support the request, the petition brings together episodes that occurred in recent administrations, ranging from Andrés Sanchez’s second term (2018–2020) to the current management.

The lawsuit requests, as an injunction, the removal of the board president, the Deliberative Council, Cori, and the Fiscal Council, as well as council members who allegedly participated in or failed to act in the face of what the group calls an institutional breakdown. The petitioners suggest the appointment of Professor José Kobori as intervenor on the board and Hélio Viana for the Council, leaving the choice of those responsible for Cori and the Fiscal Council to the court’s discretion.

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