Corinthians sponsor CEO evicted over unpaid rent | OneFootball

Last Thursday, the candidate for the presidency of Corinthians, André Castro, revealed an agreement with GSP Merchant Banking Ltd. promising an investment of up to US$ 1 billion (R$ 5.4 million) in the club.

André, in a press conference, presented a letter of intent signed by the company's CEO, Carlos Cesar Arruda, in which he expresses interest in formalizing a "strategic partnership" with Timão.

However, on May 15, 2024, Carlos Cesar Arruda was evicted from a condominium in Alphaville, in São Paulo, for non-payment. Gazeta Esportiva had access to the decision of the São Paulo Court of Justice, signed by Judge Renata Bittencourt Couto da Costa, which orders the vacating of the property due to delay in the deposit of rents and condominium quotas due between 12/05/2024 and 05/05/2025, except for the month of January.

On that occasion, the judge gave a 15-day deadline for the CEO of GSP to leave the condominium from the date of notification.

Letter of intent signed by GSP Bank and presented by André Castro (Photo: Reproduction)

Legal proceedings

GSP Bank, based in Goiânia, still gathers a series of lawsuits. According to the Projudi system of the Goiás Court of Justice, there are four actions against the company, one of them under secrecy of justice, in addition to another 22 against CEO Carlos Cesar Arruda.

It is also possible to find a lawsuit against GSP in the Council for Control of Financial Activities (COAF), judged on December 14, 2022. The agency condemned the company and its CEO to pay fines of R$ 10,000 and R$ 5,000 for "non-communication of the absence of operations or proposals liable to be communicated to COAF, when carrying out factoring activity".

The company, which was registered on December 3, 2010, declares a share capital of R$ 6.57 billion.

(Photo: André da Silva Costa/Gazeta Press)

Who is the CEO of GSP?

Carlos Cesar Arruda, CEO of GSP, has been active in the financial assets market since 2001, providing consulting and business advisory services and raising financial resources for investments in mining and civil construction projects.

He is a civil engineer graduated from Fesp, in São Paulo, and has an MBA in Project Management from FGV, in addition to specializations in financial management and distinctions such as the Fedepec-Unesco Medal, awarded by the Argentine Foundation for the Development of Education and Culture.

Next Monday, the Corinthians Deliberative Council will decide the club's president for a 'stopgap' term, until the end of 2026, when the Augusto Melo administration, which was removed from office, would end. In addition to André Castro, Antônio Roque Citadini and Osmar Stabile, the current interim, will also run.

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