Vasco strike deal with Inter, R$20m debt for David in instalments | OneFootball

Vasco da Gama secured important relief for its cash flow this Friday (27). The Rio de Janeiro club reached a long-term financial agreement with Internacional to settle a hefty outstanding debt of approximately R$20 million related to the transfer of forward David. The multimillion-dollar deal was renegotiated, and the new payment terms were revealed by reporter Alexandre Ernst, a journalist who covers the day-to-day behind the scenes of the Rio Grande do Sul club.

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The new terms and the long payment period

According to the journalist’s information, the total amount for the player’s transfer was ultimately reduced and split into installments over a much longer period than originally предусмотрено in the initial contract. The new framework of the agreement establishes that Internacional will receive the amount spread out over a period of 10 years, representing an extremely significant change in the financial flow that Colorado’s coffers had initially expected for the current season.

The main reason for the approval of such flexible terms is rooted in Vasco’s current legal situation. As the Rio de Janeiro institution is going through a strict Judicial Recovery (RJ) process, the legal department secured strong legal backing to negotiate much longer deadlines and greatly eased conditions to settle its financial obligations with former creditors, once and for all including the heavy debt accumulated with the club from Rio Grande do Sul.

Internacional accepts agreement with Vasco

Internacional’s board chose to accept the court decision to ensure receipt of the amount, even if over a very extended period. Faced with the complex administrative scenario and the imminent risk of not receiving the money, the southern club’s management preferred to relax the contract terms and give ground to avoid even greater risks, such as lengthy court delays or even the total and definitive default of the Cruz-Maltino debt.

The negotiation, however, sparked several questions and much controversy among Internacional supporters, who demanded a much firmer stance in the talks to avoid a reduction in the original amount. On the other hand, top management believes that the current context of Brazilian football requires enormous caution in financial agreements, seeking to maintain predictable revenue spread over the coming years while the Giant of the Hill gains a lot of breathing room and plenty of time to make all the payments.

David is once again enjoying a good spell in a Vasco shirt – Photo: Matheus Lima/Vasco

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