GOLAZONEWSCorinthians secures one-year debt payment suspension with Caixa
⚡ In 30 seconds
- Corinthians reached an agreement to pause Neo Química Arena debt payments for one year.
- Caixa Econômica Federal will stop withholding gate receipts and tournament prize money.
- The deal is part of ongoing negotiations to settle a R$ 630 million total debt.
Corinthians has finalized an agreement with Caixa Econômica Federal to suspend payments on the debt for the Neo Química Arena for a duration of one year. Under the new terms, the state-owned bank will cease the practice of withholding revenue generated from matchday ticket sales and a portion of tournament prize money.
This arrangement was established during negotiations aimed at settling the club's R$ 630 million debt. Club president Osmar Stabile is working to resolve the balance through the use of stadium naming rights and various other commercial products.