Casares’ wages and severance costs stall Massis’ São Paulo revamp | OneFootball

The administration of Harry Massis Júnior, now one month in, has yet to implement the administrative reform planned at São Paulo following the fall of Julio Casares: the high cost in termination penalties that the Morumbi club would have to pay if the new administrators carried out all the changes they intended to make.

According to information obtained by AVANTE MEU TRICOLOR from sources within São Paulo’s leadership, if Massis were to dismiss everyone remaining on the infamous list of planned changes, the total cost in severance payments could reach around R$ 50 million.

So far, as revealed to the report, the changes involving some executives from the Casares administration have already cost São Paulo’s coffers around R$ 3 million.

“Salaries have never been so inflated at the club. It became normal to earn more than R$ 100,000 per month. Obviously, these are contracts that involve high expenses when it comes to termination,” pointed out a source consulted by AMT who preferred to remain anonymous.

Márcio Carlomagno is one such example. Massis reached an agreement with the former CEO, in which he would serve out his notice period as a way to ease the severance payment, which ended up being around R$ 600,000.

Even so, it was a unique case, since Carlomagno was considered vital to the transition for being one of the most well-informed people regarding the accounts and routines of Casares’ administration.

In at least 12 other departures, excluding statutory directors—who theoretically did not receive a salary—there were no negotiations for an agreement as a way to try to reduce the severance payments.

One example is Moisés Assayag, Carlomagno’s advisor, who earned commissions as an intermediary in the FIDC operation and left together with Márcio. According to investigations, he is owed more than R$ 1.3 million in penalties.

The current situation is that São Paulo’s current board is evaluating the cash flow between income and expenses in order to continue with the administrative reform. More names linked to the Casares administration who still hold prominent positions are expected to have their departures made official by the end of this month.

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