Flamengo miss out on R$6.2m and complain: “Stress” | OneFootball

Flamengo faces issues with Banco BRB

The Federal District Court ruled last week to temporarily suspend Banco BRB’s payment to Flamengo related to the sponsorship contract. The Rubro-Negro defended itself in court and stated that it has stopped receiving R$ 6.2 million.

“As a result of the preliminary injunction being granted, the Club has already failed to receive the amount of R$ 6,250,000.00 (six million, two hundred and fifty thousand reais), referring to the outstanding balance owed by BRB under the contract that has already ended, as shown by the receipt attached to the case file,” Flamengo said.

“In other words, the decision is already having a concrete and immediate financial impact on FLAMENGO, depriving the Club of significant revenue and causing undue stress on its cash flow,” the club argued in court, according to the Rubro-Negro.

WHAT ARE FLAMENGO’S OTHER ARGUMENTS?

In a document of more than 50 pages, Flamengo demands the immediate end of the case that suspended BRB’s transfer to the club. Mengo believes the freeze began because of “news clippings,” “political speculation,” and a lack of concrete evidence of illegality.

WHY WAS THE SPONSORSHIP BLOCKED?

A public-interest lawsuit is challenging the R$ 42 million sponsorship deal with Flamengo. The group’s argument is that the bank is going through a serious financial crisis, with suspected involvement in Banco Master fraud, and that support for the Rubro-Negro could represent damage to public assets.

On the other hand, Flamengo believes the public-interest lawsuit is misguided. The club argues that there is no demonstration of any specific illegal act nor proof of damage to public assets. “Political noise, journalistic curiosity, and speculation about personal motives are not the same as proof of contractual illegality,” Fla argued.

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