Court demands answers from Corinthians, cites risk of intervention | OneFootball

The São Paulo Court ordered Corinthians to provide explanations regarding inconsistencies in the financial information submitted under the Centralized Enforcement Regime (RCE). The decision was issued by Judge Guilherme Cavalcanti Lamêgo of the 2nd Court of Bankruptcy and Judicial Reorganization, and it mentioned a warning about the possibility of stricter measures being adopted if the discrepancies are not properly explained.

In the ruling, which Gazeta Esportiva had access to, the judge pointed to significant discrepancies between the revenue declared by the club and the amounts actually reported in the RCE payment flow for the month of February. According to the Judicial Administrator responsible for overseeing the proceedings, the figures submitted by Corinthians indicate an approximate difference of R$ 149 million between the declared revenue and the amount considered for distribution among creditors, which led to the club being formally summoned to provide explanations.

The judge also warned that any resistance to providing documents or the continued maintenance of inconsistent data could result in the appointment of a judicial observer or, as a last resort, an administrator, with the aim of ensuring transparency, effectiveness, and proper compliance with the plan approved under the RCE.

Questions about the distribution plan

In addition to the revenue discrepancies, the court decision also addresses objections raised by several creditors regarding the distribution plan for the amounts already deposited with the court. The Judicial Administrator revealed that there was an available balance of approximately R$ 20.2 million in the club’s accounts, but creditors claim that some credits recognized in previous rulings were omitted.

In light of these submissions, the Court ordered that the creditors be notified to submit new positions and established that the Judicial Administrator must provide additional clarifications before any payments are eventually released, following the procedure set out in the RCE.

What Corinthians says

In a statement, Corinthians said that the Centralized Enforcement Regime was adopted as a tool to organize the payment of civil debts and prevent successive court freezes that could compromise the club’s operations. According to the board, the plan approved by the Court provides clear rules on the allocation of revenue, oversight by a judicial administrator, and transparency in disclosing financial information to creditors and the Judiciary.

The club also maintains that it has been complying with the obligations established under the RCE and reiterated its commitment to financial and administrative reorganization, stressing that the centralization of enforcement proceedings allows for predictability in cash flow and equal treatment of creditors, without harming sporting and institutional activities.

Corinthians’ RCE

Corinthians’ Centralized Enforcement Regime was approved by the Court in January 2026 as part of the club’s financial and legal restructuring process. The plan provides for the payment of around R$ 450 million in debt over a period of up to ten years, with a progressive allocation of a percentage of the club’s revenues toward settling the debts, in addition to judicial control and oversight mechanisms.

See Corinthians’ full statement:

“Sport Club Corinthians Paulista informs that, within the scope of the Centralized Enforcement Regime (Case No. 1189761-87.2024.8.26.0100), a court decision was issued on March 25, 2026 (at 5:57 p.m.), which, among other points, ordered the Club to provide clarifications regarding alleged inconsistencies related to the declaration of revenues for the month of February 2026, with a warning about the possible appointment of a judicial observer or administrator in the event of resistance or persistent inconsistencies.

However, it is important to clarify that, prior to the aforementioned decision, the Club had already submitted, in a timely and formal manner and in the case file, all the clarifications requested by the Judicial Administration.

Indeed, on March 24, 2026, at 9:41 p.m., Sport Club Corinthians Paulista filed a petition in the case file (pp. 10,332/10,339), detailing the composition of the revenues mentioned and explaining, in a technical and reasoned manner, the discrepancies identified, including, among other points, the distinction between operating and non-operating revenues, internal transfers between accounts, financial transactions, receivables advances, and revenues from player transfers.

Even before filing the aforementioned submission, the Club also held a meeting with the Judicial Administration, during which additional clarifications were provided and its commitment to transparency and cooperation within the Centralized Enforcement Regime was reaffirmed.

Thus, it is clear that the clarifications had already been provided and added to the case file on a date prior to the decision issued on March 25, 2026, a circumstance that will be duly brought to the Court’s attention through a new formal submission.

Sport Club Corinthians Paulista reaffirms that it has always acted diligently, transparently, and cooperatively within the scope of the Centralized Enforcement Regime, maintaining constant dialogue with the Judicial Administration and providing all necessary documentation whenever requested.

The club regrets the mismatch of information and rejects the alarmism and the discrediting campaign promoted by digital influencers who disregard the seriousness and relevance of work that is fundamental to the institution’s financial restructuring, thereby harming proper communication between the institution and its supporters.

Corinthians also reiterates that it remains fully available to the Court, the Judicial Administration, and all other interested parties to provide any additional clarifications that may eventually be necessary, reaffirming its commitment to the regularity, transparency, and effectiveness of the process.“

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