In early July, the football department, with Sergio Pimenta, the financial director, present, met with the players and promised to settle the debts with the squad within a month, by early August. However, the club was unable to meet this deadline. The debt varies from player to player, with most of the squad having two months' worth of unpaid values. São Paulo still depends on the approval of the contract with Ticketmaster in the Deliberative Council to make the payments. The agreement involves receiving R$ 140 million upfront. The contract has already been approved by the Administrative Council, unanimously, and will pass through the Deliberative Council - with no date yet set for the meeting. The club's board has now set a new deadline to settle the debts with the squad, which must now be done by the end of September.
São Paulo sets new deadline to settle debts with the squad
São Paulo has been struggling to pay its players' image rights on time, despite President Harry Massis's efforts to put an end to this practice. The club is in a financial crisis and has been unable to meet its obligations.
This article was assembled with AI assistance and editorially reviewed.
Photo: SOCCER DIGITAL · Public domain