GOLAZONEWSCaixa confirms stadium debt negotiations with Corinthians
⚡ In 30 seconds
- Caixa Econômica Federal and Corinthians are negotiating the club's stadium debt.
- The outstanding balance for the construction of Neo Química Arena is R$ 630 million.
- Both parties are discussing settlements involving naming rights and commercial products.
Caixa Econômica Federal has officially acknowledged for the first time that it is in negotiations with Corinthians regarding the club's stadium debt. The confirmation came via a joint statement released by the public bank and the club on Friday.
Corinthians is seeking to settle the R$ 630 million debt incurred from the construction of the Neo Química Arena. The proposal involves utilizing the stadium's naming rights and other commercial products as a means of payment to the bank.
Discussions regarding these financial obligations followed a meeting attended by club president Osmar Stabile, legal director Pedro Soares, and cultural director Rafael Castilho.