Botafogo's recovery plan is gaining momentum, with the club nearing agreement with nearly 50% of its creditors. The Major League Soccer (MLS) is the principal creditor, with a debt of $38.5 million, largely due to the transfer of Thiago Almada to Atlanta United and Santi Rodríguez to New York City. The debt will be reduced by $6.8 million following the sale of Santi Rodríguez to Columbus Crew. Ludogorets, a Bulgarian club, is also involved, with a debt of €6.3 million for the transfer of Rwan Cruz. Eduardo Iglesias, the club's director-general, is leading the negotiations, which aim to restore the club's credibility and preserve long-term relationships. The plan requires 51% of creditor votes for approval.